Date
24 October 2017

CSRC seeks more long-term funds into capital market, paper says

The China Securities Regulatory Commission (CSRC) will speed up efforts to push various types of long-term funds into the capital market, Shanghai Securities News reported Saturday. It cited CSRC spokesman Deng Ge as saying that the regulator will encourage corporate pensions and occupational pensions that are managed by professional asset management firms to aggressively undertake capital market investments. Meanwhile, the Ministry of finance, the Ministry of Human Resources and Social Security, and the State Administration of Taxation have jointly issued a notice to inform that deferred taxation will apply to contributors to the two types of pensions from next year, the report said.

– Contact HKEJ [email protected]

TL/AC/RC

 

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