On the morning of January 23, the State Information Office held a press conference to introduce the situation of vigorously promoting the entry of medium- and long-term funds into the market and promoting the high-quality development of the capital market, and answering questions from reporters.
Strive to increase the market value of A-shares held by public funds by 10% per year
Chairman of the China Securities Regulatory Commission Wu Qing said at the press conference that he will gradually expand the coverage of corporate annuity, support qualified employers to explore and liberalize personal investment options for corporate annuity, and encourage corporate annuity fund managers to carry out differentiated investment. Guide and urge public fund managers to steadily increase the scale and proportion of equity funds, and strive to increase the market value of A-shares with public funds at least 10% each year in the next three years. 30% of the new premiums will be used to invest in A-shares starting this year. Wu Qing said that he will speed up the implementation of the second batch of long-term stock investment pilot project for insurance funds, with a scale of no less than 100 billion yuan. On the basis of the current basis, we will guide large state-owned insurance companies to increase the scale and actual proportion of A-share investment, of which 30% of the annual additional premiums will be used to invest in A-shares from 2025.
(CCTV reporter Yang Litian)
