China - January 24, 2025 Chinese moves to attract long-term funds to stock market (Voice_over) Chinese financial authorities have introduced new measures aimed at promoting long-term investment in the stock market. Wu Qing, Chairman of the China Securities Regulatory Commission, emphasized that long-term funding will serve as a stabilizing force for China's equity market. The new regulations mandate that public funds increase their holdings in A-shares by 10 percent annually over the next three years. Commercial insurance companies are required to allocate at least 30 percent of their newly added funds to invest in A-shares. The measures are expected to inject hundreds of billions of yuan into the A-share market every year. The assessment cycle for various funds, including social security and public pension funds, has also been extended. The adjustment aims to reduce the impact of short-term market fluctuations on overall market performance. (Sound_bite) Wu Qing, Chairman, China Securities Regulatory Commission: "The Central Politburo Meeting held in September and the Central Economic Work Conference made arrangements to stabilize the stock market, and break through the bottlenecks and blockages for long-term funds to enter the market. Next, we will team up with all departments involved to implement the released measures." [Restriction: No access Chinese mainland]