CCTV News: On January 22, the Central Financial Office, the China Securities Regulatory Commission, the Ministry of Finance, the Ministry of Human Resources and Social Security, the People's Bank of China, and the State Administration for Financial Regulation jointly issued the "Implementation Plan for Promoting the Entering of Medium- and Long-term Funds in the Market", focusing on guiding medium- and long-term funds such as commercial insurance funds, national social security funds, basic pension insurance funds, corporate annuity funds, public funds, etc. to further increase the efforts to enter the market, establish a long-term assessment mechanism for more than three years, and focus on long-term returns.
The main measures include: improving the proportion and stability of A-share investment in commercial insurance funds, and speeding up the implementation of the second batch of long-term stock investment pilot projects for insurance funds; optimizing the national social security fund and basic pension insurance fund investment management mechanism, steadily increasing the proportion of social security fund stock investment; expanding the scale of entrusted investment in basic pension insurance funds; improving the investment operation level of the enterprise annuity fund market, and encouraging differentiated investment in enterprise annuity funds. Increase the scale and proportion of equity funds.
At the same time, the "Implementation Plan" proposes measures to allow medium- and long-term funds to participate as strategic investors in the private placement of listed companies and other measures to optimize the capital market investment ecology.
Multiple ministries and commissions have issued implementation plans for medium- and long-term funds to enter the market, and the stock market ushered in "long-term investment"
How to view the "Implementation Plan for Promoting the Entering the Market by Multiple Departments" jointly issued by multiple departments, and see what "Finance Lao Wang" said.
"Long money and long investment" is a hot word in the stock market. On the 22nd, the "Implementation Plan for Promoting the Entering of Medium- and Long-term Funds" was officially released, becoming a "big gift package" for the stock market before the Spring Festival! What is long-term investment? What does it mean for investors?
Let's take a look at what "long money" is? It mainly consists of four major funds, including insurance funds, social security funds, pension funds, and corporate annuities. These money is large in size and often invest in a long time, so unlike short-term funds, the market will run away when there is any turmoil.
Today's policy is to allow these "long-term" funds to enter the stock market more smoothly. In the past, there were some obstacles on this road, but now the country has introduced a series of "big moves".
The first thing is to "loosen" insurance funds. Not only are they encouraged to increase their investment ratio in A-shares, but they also extend their assessment cycle to more than 3 years. This is like putting on a pair of "telescopes" for insurance funds, so that they no longer only focus on the short-term fluctuations in front of them, but see longer-term investment returns.
Secondly, social security funds are encouraged to increase the proportion of stock investment.
Looking at corporate annuities, the policy not only expands the coverage, but also encourages differentiated investment. It's like unlocking more investment skills for corporate annuities, allowing them to choose more suitable investment strategies based on their characteristics, rather than one-size-fits-all.
Finally, these funds have to feel safe, which requires optimizing the market environment. For example, improve the quality of listed companies, crack down on illegal and irregular behaviors, and make the market cleaner and more transparent.
In the past, the stock market was always shaken by the "little waves" of short-term funds. Now that "funding money" is coming, I have become more patient. I am driving in one big ship after another, and I am not afraid of the storm. For investors, they will feel more at ease.