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The China Securities Regulatory Commission (CSRC), the top regulator, on Thursday held a meeting with the national security fund, large banks and large insurance companies to discuss issues such as guiding more medium and long-term capital into the stock market, in a bid to boost the capital market.
The meeting stressed the importance of various long-term capital sources, including pension funds, insurance funds, and banks’ wealth management, for the sound development of the capital market.
“In general, the participation of medium and long-term capital in the capital market has consistently expanded in breadth and depth, which has yielded favorable medium and long-term returns, gradually strengthening positive interaction with the capital market.
This injects fresh impetus into the high-quality development of the capital market,” the meeting concluded, according to the statement.
The meeting called on medium and long-term capital to focus on increasing the scale and proportion of equity investment and representatives of the institutions vowed to better play the role of medium and long-term funds as a market stabilizer and economic development booster, correctly view short-term market fluctuations, and grasp the general trend of long-term improvement.
They committed to increasing the allocation of equity assets and leading long-term investment, value investment, and steady investment through practical actions, according to the CSRC statement.
The CSRC said that it will strengthen policy coordination with relevant departments to jointly provide robust support for medium and long-term funds such as pensions, insurance funds, and bank wealth management funds to participate in the capital market.