A financial organizer in China to raise the limits of insurance funds to invest stock

The Chinese financial organizer plans to raise the limits of insurance funds in the stock market, as part of the measures taken to increase the support of the real capital and economy markets.

The National Financial Organizational Administration said in a statement on Tuesday that this will raise the highest limit for the allocation of stock assets for some insurance companies by about 5 %.

The organizer said that the increase “will expand the investment space in shares and provide more capital for shares for the real economy.”

The government has climbed efforts to achieve stability in the stock market, as prices fell in part due to the impact of American tariff procedures. On Tuesday, many government holding companies pledged to increase stock investment.

The organizer said it will also allow insurance funds to increase investment in investment capital funds to direct funds to strategic emerging industries.

(I participated in the reports of Liz Li, Zia Tang and Beijing the newsroom; edited by Tom HoG and Christopher Kushing)

Subjects
China