China to guide billions of dollars of insurance money into stocks

Quick Summary:

SHANGHAI: China announced plans on Thursday to channel hundreds of billions of yuan annually into shares from state-owned insurers, in the authorities' latest effort to support equity markets.

Hong Kong's Hang Seng Index similarly gained more than 1%.

The CSI300 blue-chip index advanced 1.47% shortly after open on Thursday while the Shanghai Composite Index jumped 1.62%.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong Kong

Topics: Markets SCI Stocks Equities /Business/Business News Hang Seng CSI300 Insurance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 11:10:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 339 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25354805

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 32 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 18 minutes ago

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Publisher ID: #22

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