Here comes the simplified version of the press conference highlights! Five ministries have made a significant statement, vigorously promoting the entry of medium- and long-term funds into the market.

The China Securities Regulatory Commission will further enhance the equity allocation capacity of medium to long-term funds, steadily expand the investment scale, and improve the funding supply structure of Capital Markets.

Wind19minutes ago

The National Financial Regulatory Administration: Before the Spring Festival, it will allocate 50 billion yuan of insurance funds for long-term investment in the stock market.

Xiao Yuanqi, the Deputy Director of the National Financial Supervisory Administration, stated this morning (on the 23rd) at a press conference held by the State Council Information Office that the second phase of the pilot program for long-term Stocks investment using insurance funds will be launched in the first half of 2025, with a fund scale of no less than 100 billion yuan (RMB), and an approval of 50 billion yuan for investment in the stock market will be granted before the Spring Festival.

AASTOCKS52minutes ago

Liao Min from the Ministry of Finance: Researching the long-term assessment system for social security Funds to promote insurance capital entering the market.

Liao Min, the Deputy Minister of Finance, stated this morning (23rd) at a press conference held by the State Council Information Office that the current investment ratio of stocks to bonds in the national social security Fund is four to six, maintaining overall stability, with good investment returns. The Ministry of Finance is working to optimize and improve the investment management system for the national social security Fund and to revise the relevant management measures for the domestic investments of the national social security Fund. Feedback is being researched diligently. The revised measures will optimize the ratio of different investment categories in light of the latest developments in the financial market, further enhancing the investment strength and flexibility of the national social security Fund. At the same time, a long-term assessment system for the investment operations of the national social security Fund will be established.

AASTOCKS59minutes ago

The National Financial Supervisory Authority encourages Insurance funds to steadily increase their investment proportion in the stock market, aiming for an annual increase of 30% of new premiums to be invested in the stock market.

Xiao Yuanqi, Deputy Director of the National Financial Regulatory Administration, stated at a press conference held by the State Council Information Office that policies regarding Investment of Insurance Funds will be further optimized and improved, encouraging a steady increase in the investment ratio of Insurance funds in the Stock market. In particular, large state-owned insurance companies are expected to play a 'leading role,' striving to allocate 30% of newly collected premiums each year for investment in the Stock market, and to steadily increase the proportion of insurance funds invested in the Stock market based on current levels. Currently, insurance funds invested in Stocks and equity Funds exceed 4.4 trillion yuan. Analyzing the utilization of funds by insurance companies, the investment share in Stocks and equity Funds is 12%, while the share in equity investments in non-listed companies is 9%.

AASTOCKS09:49

Market movements | Mainland Insurance Companies are rising across the board, New China Life Insurance is up over 6%! Starting this year, 30% of the newly added premiums each year will be used to invest in A-shares.

In terms of news, the Central Financial Office and six other departments jointly issued the "Implementation Plan for Promoting Medium and Long-Term Funds into the Market," which clearly enhances the proportion and stability of commercial insurance funds' investment in A-shares.

Zhitong Finance09:44

A-shares have shown unusual movements | Insurance stocks have collectively risen: New China Life Insurance increased by over 6%, Ping An Insurance rose by over 4%.

On January 23, the insurance stocks in the A-share market rose collectively, with Hubei Biocause Pharmaceutical hitting the upper limit, New China Life Insurance rising over 6%, China Pacific Insurance, Ping An Insurance, and China Life Insurance each rising more than 4%, while The People's Insurance increased by nearly 4%. In terms of news, Wu Qing, the chairman of the China Securities Regulatory Commission, stated at a press conference today that efforts will be made to ensure that large state-owned insurance companies allocate 30% of their newly added premiums each year for investment in A-shares starting from 2025. Additionally, Wu Qing mentioned at the press conference that currently, commercial insurance funds, enterprise annuity Funds, etc., face varying degrees of short-term assessment issues, which results in significant impacts of short-term market fluctuations on performance evaluations, making stock investments tend to...

Gelonghui Finance09:41