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<Research>CLSA: Regulators Set Targets for Public Funds & Large State-owned Insurers to Raise A-shr Investment; A-shrs of Brokers, Large CN Banks to Benefit
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The Chinese government announced specific targets for the entry of medium- and long-term capital into the market today. For public offered funds, it was made clear that the floating market value of A-shares held by public offered funds will grow by at least 10% per year for the next 3 years; and that 30% of the annual new premium of commercial insurance funds as well as large-scale state-owned insurance companies will be used for investing in A-shares from 2025 onwards. CLSA released a research report seeing this as positive news for the A-share market in general, particularly for Chinese brokers. The policy is in line with its expectation that the national policy will be stepped up to stabilize and support the stock market in 2025, which will be beneficial to brokers in terms of trading volume and investment, the broker added. CLSA also believed that large A-share companies, including banks, will likely benefit. AAStocks Financial News |
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