China pushes to diversify stock market investment - China Press

Dhwani Mehta FXStreet

Xiao Yuanqi, spokesman of China Banking and Insurance Regulatory Commission (CBIRC), said on Tuesday, China will encourage the development of annuities and endowment insurance to diversify people’s investment into the stock market, Reuters reported headlines from the Chinese government-backed Securities Times.

Key Quotes:

“The key consideration is to cultivate a multi-layer capital market.”

“There’ll be part of savings flows to the institutional investors for sure, then the professional investors can allocate those funds to bonds and equities investment.”

“We didn’t mean to encourage direct purchase of shares from household savings.”

Asian stocks: Mildly bid amid the absence of US-Iran war

The Chinese stocks remain uninspired by the above news, as tracking the rally in their Asian peers amid fading US-Iran geopolitical risks.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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