China vice finance minister
- Large state-owned commercial insurance companies still have room to increase their capital market investment.
Other officials:
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China will guide fund companies to buy their own equity funds using some of their profits.
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The vice head of China’s financial regulator says major state insurers will be encouraged to allocate 30% of their newly generated premium income to stock investments.
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Dividend payouts and share buybacks by listed companies hit record highs last year.
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More than 310 listed companies are expected to pay out dividends totaling over 340 billion yuan in the first two months of this year.
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The current dividend yield of the CSI 300 Index has reached 3%, significantly higher than the yield on the 10-year treasury bond.
This is related to this from earlier:
- China to boost long-term funds for equity markets
- Chinese official says 100s of bns of yuan to flow into shares every year from pensions
This article was written by Eamonn Sheridan at www.forexlive.com.
