Li Yunze: Support qualified insurance institutions to establish private securities investment funds and further increase investment in capital markets

On September 24th, Li Yunze of the State Administration of Financial Supervision said that the State Administration of Financial Supervision will continue to support the sustainable, stable and healthy development of capital markets, and the next step will mainly start from the following three aspects: First, expand the pilot reform of long-term investment of insurance funds, support other eligible insurance institutions to set up private securities investment funds, and further increase investment in capital markets. Second, urge and guide insurance companies to optimize the assessment mechanism and encourage and guide insurance funds to carry out long-term equity investment. Third, encourage wealth management companies and trust companies to strengthen the capacity building of equity investment and issue more long-term equity products.