State-owned insurers and mutual funds are expected to play a pivotal role in the process, the China Securities Regulatory Commission and the Ministry of Finance said in a press briefing.

Starting this year, major Chinese state-owned insurance companies will "strive to" invest 30% of their new new premium income in mainland-listed stocks, Wu Qing, chairman of the China Securities Regulatory Commission, told reporters. He said this should pump "hundreds of billions of yuan of new long-term funds" into the stock market.

China announced plans on Thursday to channel hundreds of billions of yuan of investment from state-owned insurers into shares as part of the government's latest efforts to support a struggling stock market.

China on Thursday detailed measures to encourage state-owned funds and insurers to buy more shares, aimed at stabilizing the struggling stock market at a time when U.S. President Donald Trump is preparing to announce tariffs on Chinese imports.

Asian shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Officials in Beijing

Starting this year, 30 per cent of the annual insurance premium earned from new coverage policies will be put into yuan-denominated A shares, said Wu Qing.

China is guiding local mutual funds and insurers to boost their stock purchases in the government’s latest initiative to shore up its ailing equity market as it confronts the threat of higher tariffs.

China’s financial regulators on Thursday unveiled a slew of measures to urge large state-owned mutual funds and insurers to purchase more A-shares.

BANGKOK (AP) — The Chinese government plans to ensure that share prices will rise by ordering pensions and mutual funds to invest more in domestic stocks, to help jolt the markets out of the doldrums.

After drowning for days in headlines about Donald Trump's return to the White House, investors were delivered a bit of a diversion on Thursday with the announcement of new Chinese measures to boost its ailing stock market.

China's financial regulators are channelling pension and insurance funds into the nation's equities to establish medium and long-term holdings and stabilise Asia's largest capital market. Starting this year,