Chinese government announces major reforms to boost capital market
2025-01-24 10:50:35 source：CGTN
Janurary 23, 2025
China's State Council Information Office (SCIO) held a press conference on Thursday on actively encouraging the flow of medium- and long-term funds into the capital market and promoting its high-quality development.
China Securities Regulatory Commission (CSRC) Chairman Wu Qing outlined plans to gradually expand corporate pension coverage, encouraging employers that meet specific criteria to explore allowing individuals to make their own investment choices within corporate pension schemes. To diversify investment strategies, the CSRC supports corporate pension fund managers in adopting differentiated approaches.
Wu further emphasized the importance of enhancing public fund management, setting a target of at least 10 percent annual increase in the market value of A-shares held by public funds over the next three years.
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