日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

More market stabilization steps detailed

New relending facility created to support consumption in key sectors

By SHI JING in Shanghai | China Daily | Updated: 2025-05-08 09:10
Share
Share - WeChat
File photo shows the People's Bank of China in Beijing, capital of China. [Photo/Xinhua]

China's latest incremental financial measures to stabilize market expectations will help to further consolidate market recovery by ushering in more long-term capital and boost investors' sentiment with the continued advancement of capital market reform, said officials and experts.

A sweeping set of policies were issued by China's key financial regulators during a news conference on Wednesday. The People's Bank of China, the country's central bank, announced 10 measures including lowering the reserve requirement ratio by 0.5 percentage points and establishing a new 500 billion yuan ($69.2 billion) relending facility aiming to bolster consumption in the service sector and elderly care.

China Securities Regulatory Commission, the country's top securities watchdog, released four measures including deepening reform in the technology-focused STAR Market at the Shanghai bourse and ChiNext in Shenzhen, aiming to make the policies more inclusive and adaptable when it comes to layered supervision and investors' protection.

CSRC Chairman Wu Qing said that more efforts will be made to facilitate long-term capital inflow into the stock market. The action plan to promote the high-quality development of the Chinese mutual fund industry was released later on Wednesday.

The new action plan aims to strengthen ties between fund managers and individual investors, stressing funds' long-term returns, improving fund companies' capabilities in research, product design and risk management, as well as supporting the expansion of equity-focused mutual funds.

Companies such as Central Huijin Investment Ltd, an arm of China's sovereign wealth fund, will be fully supported to serve as the country's stabilization fund. The CSRC will also complete the long-term mechanism under which the capital market can support the Chinese central bank's monetary tools.

PBOC will firmly support Central Huijin to increase its holdings in stock-based exchange-traded funds when necessary. Adequate relending support will be given for such moves, Pan Gongsheng, PBOC governor, said at the news conference.

According to market tracker Wind Info, Central Huijin increased its exposure to four ETFs by a minimum 20 percent respectively during the first quarter of the year. As explained by Li Qiusuo, chief strategist at China International Capital Corp's research department, Central Huijin usually focuses on broad-based ETFs when it increases its holding. This will help to promote passive investment and avoid drastic fluctuations in individual stocks or certain industries.

The eight measures released by National Financial Regulatory Administration's head Li Yunze on Wednesday also touched upon the capital market.

The pilot scope that insurance capital is eligible for long-term investment will be further expanded. An additional 60 billion yuan of insurance capital will be approved for such investment in the near term to bring in more capital into the A-share market.

Solvency regulatory rules for insurers will be adjusted, lowering the risk factor of stock investment by 10 percent, said Li.

Guo Jinlong, director of Research Center for Insurance and Economic Development at China Academy of Social Sciences, explained that the lowered risk factor means that insurance companies can invest in more stocks with the same amount of capital. This is likely to usher in more capital inflow into the stock market and elevate market activity, he said.

The stock market made positive response to the collective measures. The benchmark Shanghai Composite Index gained 0.8 percent to close at 3342.67 points on Wednesday while Shenzhen Component Index added 0.22 percent. The combined trading value at the Shanghai and Shenzhen exchanges approached 1.47 trillion yuan, up 9.9 percent from a day earlier.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 日日操夜夜 | 97精品一区二区 | 欧美线人一区二区三区 | 日本草草影院 | 日日插夜夜操 | 欧洲成人免费视频 | 国产免费av在线 | 极品逼| 国产大伊香蕉精品视频 | 天堂一区二区三区 | 九九精品视频一区二区三区 | 亚洲一区播放 | 超污视频在线看 | 欧美成a人片在线观看久 | 亚洲国产精品一区 | 国产一区二区三区在线视频 | 久久精品国产一区二区三区不卡 | 亚洲欧美一区二区三区在线 | 欧美日韩不卡 | 日韩视频在线观看免费 | 久久综合九色综合国产 | 大色综合色综合资源站 | 美女视频黄a视频免费全过程 | 久久久久综合 | 意大利av在线 | 国产片翁熄系列乱在线视频 | 亚洲激情视频 | 久久综合桃花 | 羞羞哒哒视频 | 日本一区二区三区免费观看 | 午夜亚洲国产成人不卡在线 | 一区二区三区在线 | 天天操夜夜艹 | 亚洲va国产va | 一区二区三区日韩视频在线观看 | 亚洲免费在线观看 | 久久久一区二区精品 | 精品一本久久中文字幕 | 中文字幕精品一区二区三区精品 | 免费观看黄色a一级视频播放 | 精品久|