Chinese Watchdog Nudges Banks and Insurers to Buy More Equities
KONTAN.CO.ID - SHANGHAI. China's top securities regulator said on Thursday that the country's economy remains healthy despite numerous challenges, urging institutional investors to invest more in equities to help limit short-term market fluctuations while contributing to economic restructuring.
Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), also told a meeting with major banks, insurers and the Social Security Fund that it was important for regulators to adhere to the "no interference" mentality in order to foster stable market expectations.
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