Beijing’s move to direct household savings into equities funds will ensure a bull run in stocks this year, analysts predict

//Beijing’s move to direct household savings into equities funds will ensure a bull run in stocks this year, analysts predict

Beijing’s move to direct household savings into equities funds will ensure a bull run in stocks this year, analysts predict

China’s decision to direct money from the nation’s vast household savings into funds that invest in equities could support a further rally in the country’s stocks, analysts said.The China Banking and Insurance Regulatory Commission (CBIRC), the financial watchdog, published a guideline saying it would promote the conversion of household savings into long-term capital market fund. It did not say how it would do this.Even steering a small portion of China’s 70 trillion yuan (US$10 trillion) of…

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By | 2020-01-06T11:59:39+00:00 January 6th, 2020|Business|Comments Off on Beijing’s move to direct household savings into equities funds will ensure a bull run in stocks this year, analysts predict