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Mega CN Insurers: Institutional Investors' Positions Still Have Much Room to Expand
Recommend 8 Positive 30 Negative 13 |
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China’s General Office of the Central Committee for Finance and the China Securities Regulatory Commission recently jointly issued the “Guiding Opinions on Promoting the Entry of Medium and Long-Term Funds into the Market”, which vigorously guides the entry of medium and long-term funds into the market, incubates and expands patient capital, such as insurance funds, and strives to galvanize the capital market. The person in charge of PICC Asset said that PICC actively performs its responsibilities as a central financial enterprise, continuously increasing investment at the bottom of the stock market, and aggressively leveraging the advantages of insurance funds, which are large in scale and long-term with stable sources, and magnifying investment in the real economy, especially in strategic emerging industries, advanced manufacturing, new infrastructure and other fields. The relevant person in charge of the asset company under China Life said that there is still much room for improvement in the proportion of institutional investors' positions in the stock market. To further groom and expand insurance funds as patient capital, China Life said that it is recommended to further enrich the long-term investment model of commercial insurance funds, support insurance capital to participate in private placements of listed companies, and allow eligible insurance companies to set up private equity funds to participate in stock market investment and scale up private equity funds. Taiping Assets, a subsidiary of China Taiping, said that in terms of investment direction, the company will amplify investment in areas that are in line with national industrial policies or synergize with its key businesses, and will deploy in strategic emerging industries, venture capital, and upstream and downstream value chains. In terms of investment targets, it will capitalize the advantages of patient capital from insurance funds to boost long-term returns while assisting high-quality economic development by investing in assets with visible underlying assets, stable period returns and clear exit channels. AAStocks Financial News |
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