news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

at the state council information office press conference on "financial support for high-quality economic development" held on september 24, guiding medium- and long-term funds, including insurance funds, to enter the market once again became one of the key topics. there was also support for qualified insurance institutions to establish private securities investment funds; the creation of securities, funds, insurance company swap facilities and other new tools and new concepts were intensively released.

"these new policies and new proposals are directly beneficial to the equity investment of insurance companies, and have also boosted confidence, as can be seen from the market trend on the 24th. the real strengthening of the a-share market will undoubtedly be the biggest attraction for insurance funds." an insurance asset management person said. data shows that on september 24, the shanghai composite index and the shenzhen component index rose by 4.15% and 4.36% respectively; the shenwan insurance index rose by 5.56%.

among these good news, li yunze, director of the state financial regulatory bureau, mentioned that "supporting qualified insurance institutions to establish private securities investment funds" has aroused the interest of many insurance fund professionals. "we want to strive for this qualification." a senior executive of a large insurance company responded to the reporter of china business network.

creating new tools to boost confidence

pan gongsheng, governor of the people's bank of china, announced a number of important policies at the beginning of the press conference, including the creation of a new monetary policy tool, the securities, fund and insurance company swap facility, to support stock market stability.

pan gongsheng said that this swap facility refers to supporting eligible securities, funds, and insurance companies to obtain liquidity from the central bank through asset pledge. this policy will greatly enhance the institutions' ability to obtain funds and increase stock holdings.