China guides mutual funds, insurance companies to invest more in stocks

China is guiding local mutual funds and insurers to increase their stock purchases in the government’s latest drive to shore up its ailing Equity Market as it confronts the threat of higher tariffs.

Mutual funds should raise their capital share on land by at least 10% annually for the next three years, while large state-owned insurers will have to invest 30% of their new policy premiums from 2025, Wu Qingchairman of the China Securities Regulatory Commission, said at a press conference on Thursday.