The announcement is here from earlier:
Press conference now.
The head of China's securities regulator (Chairman of the CSRC Wu Qing) says
- there will be at least hundreds of billions of yuan in new long-term capital for A-shares every year from state-owned insurance companies.
- A pilot scheme allowing insurers to buy stocks will be implemented in the first half of 2025, with an initial scale of at least 100 billion yuan.
