China has rolled out new measures to encourage insurance companies to invest in blue-chip and high-tech stocks, as part of its broader efforts to boost the capital market and the real economy.
With the A-share market rebounding strongly on Tuesday in response to the top leadership's support for the capital market expressed on Monday, more policies to boost stock-market performance and optimize the capital market's infrastructure can be expected, experts said.
The Beijing Stock Exchange, and Hong Kong Exchanges and Clearing Ltd have signed a memorandum of understanding to support qualified listed companies applying for listings in each other's market, the exchanges said on Thursday.
Data from the State Administration of Foreign Exchange on Wednesday showed that foreign investors bought a net worth of $27.7 billion in onshore stocks in January, marking the highest single-month reading on record.
Foreign financial institutions have become more bullish about China's stock market performance in 2023 as the signs of the country's economic stabilization become increasingly noticeable amid stimulus measures and the accelerated optimization of epidemic control measures.