Hey there, market enthusiasts! 📈 Guess what? China's securities regulator is stepping up its game to give the stock market a major boost! 🇨🇳
On Tuesday, the China Securities Regulatory Commission (CSRC) announced it will firmly support Central Huijin Investment Ltd. (Central Huijin) in ramping up its stock market holdings. This means more investment and a bigger scale in the market! 💰
\"We're rolling out smoother channels and more convenient conditions for market operations,\" said a spokesperson from the CSRC.
Right now, China's A-share market is like a hidden gem 💎—undervalued and packed with potential for long-term investors. Institutions like Central Huijin have totally recognized this golden opportunity.
The CSRC isn't stopping there! They're also encouraging all kinds of institutional investors—think public and private funds, securities companies, social security funds, insurance institutions, and annuity funds—to dive into the market with more vigor. 🏊♂️
Plus, they're motivating listed companies to ramp up share repurchases and holdings. It's all part of a big effort to bring fresh funds into the A-share market and keep things running smoothly and steadily. 🚦
Central Huijin, which is a state-owned investment company, is totally on board. They said they've expanded their investment scope in exchange-traded funds (ETFs), fully recognizing the current value in the A-share market. 📊
So, if you're keeping an eye on global markets, this is definitely a development to watch! 👀
Reference(s):
China's securities regulator backs increasing stock market investment
cgtn.com
