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CHINA PRESS: China To Leverage Insurance Funds For Stock Market

CHINA PRESS

China will support leveraging long-term investment potential of insurance funds, according to the latest guidelines from the State Council. The move signals insurance funds’ importance in the A-share market following policymakers’ repeated calls for developing long-term capital. High-dividend stocks are expected to become a key asset class for insurance firms, said analysts at China Merchants Securities. By end-Q2, the stock investment balance of property and personal insurance firms totalled CNY137 billion and CNY1.94 trillion, data from the National Financial Regulatory Administration showed. (Source: Securities Times)

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