SHANGHAI, April 27 ― China's securities regulator nudged mutual funds to develop fund products for private pensions and asked them to stabilise markets, as Chinese equities witness a downturn that has pushed benchmarks to two-year lows. The move also comes against the backdrop of China launching...
SHANGHAI, April 27 ― China's securities regulator nudged mutual funds to develop fund products for private pensions and asked them to stabilise markets, as Chinese equities witness a downturn that has pushed benchmarks to two-year lows.
Main benchmarks in China's stock market have plunged more than 20 per cent this year, as the world's second largest economy grapples with Covid-19 flare-ups, the Ukraine crisis, and a likely aggressive US monetary tightening. The CSRC, in its statement, said it would support the opening up of the country's fund management industry and urged mutual funds to participate in the policymaking of pension fund investments.
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