China Vanke, one of the country's largest A-share listed property developers, saw its stock price surge 5.32% in Thursday's morning session amid a broad rally in China's equity markets.
The strong gains came after China's securities regulator and finance ministry announced a series of measures aimed at channeling more funds from public investment products and insurers into the A-share market over the next few years.
In a statement, China Securities Regulatory Commission (CSRC) Chairman Wu Qing said public funds like mutual funds will be required to increase their holdings of A-shares by at least 10% annually for the next three years. Wu also revealed plans for large state-owned insurance firms to invest 30% of new premium income into A-shares starting in 2025, with a second phase of an existing insurers' stock investment pilot expected to reach at least 100 billion yuan that year.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。