China announced plans on Thursday to channel hundreds of billions of yuan annually into shares from state-owned insurers, in the country's latest effort to support its domestic equity markets.
HONG KONG - Chinese stocks ended slightly higher on Thursday, supported by the financial sector, while Hong Kong shares closed down, as investors digested Beijing's latest plans to encourage insurance ...
HONG KONG: Chinese stocks rose on Thursday, supported by the financial sector after Beijing unveiled plans to encourage insurance companies to purchase shares listed on the mainland. The blue-chip ...
The Chinese government is trying to encourage people to spend more by ensuring that share prices will rise, ordering pensions and mutual funds to invest more in domestic stock markets ...