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SOE Insurance Firms To Stabilise Market - MoF


China will encourage state-owned insurance companies to play a stronger role to stabilise the medium and long-term capital market, according to the Ministry of Finance. In a policy note, the MoF said SOE firms will have new management rules to guide long-term stable market operation better and prevent short-term behaviour, such as end of year targeting. Specifically, the MoF has adjusted the various operating and financial indicators used to assess SOEs to promote long-term behaviour. (Source: Yicai)

MNI Beijing Bureau |
MNI Beijing Bureau |

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