Briefly

Assessment system for State insurers

China will optimize the assessment systems of State-owned insurance companies and the national social security fund to increase their investments in the A-share market, as part of the country's latest plan to usher in more long-term capital for market stability. The Office of the Central Financial Commission and the China Securities Regulatory Commission, along with other departments, recently issued an implementation plan for promoting the entry of medium and long-term capital into the stock market, the CSRC said on Wednesday. Encouraged to boost their investment scale and proportion in A shares, including via equity funds, large State-owned insurance companies will be subject to long-term performance assessment with a cycle of more than three years, according to the plan.

China home to 4.25m 5G base stations

The number of 5G base stations in China has reached 4.25 million, with the number of gigabit broadband users surpassing 200 million, official data showed. More than 4,000 5G factories have been established nationwide, according to the Ministry of Industry and Information Technology.

Xinhua - China Daily