The government aims to achieve a significant increase in the scale and proportion of index investment in the capital market through efforts over a period of time

State-owned insurers and mutual funds are expected to play a pivotal role in the process, the China Securities Regulatory Commission and the Ministry of Finance said in a press briefing.

China announced plans on Thursday to channel hundreds of billions of yuan of investment from state-owned insurers into shares as part of the government's latest efforts to support a struggling stock market.

China rolled out a basket of measures to stabilize its stock markets, including plans to boost the amount pension can invest in the nation’s listed companies, as it combats uncertainty in a second Donald Trump presidency.

Starting this year, 30 per cent of the annual insurance premium from new policies will be put into yuan-denominated A shares, regulator Wu Qing said.

Starting this year, major Chinese state-owned insurance companies will "strive to" invest 30% of their new premium income in mainland-listed stocks, Wu Qing, chairman of the China Securities Regulatory Commission, told reporters. He said this should pump "hundreds of billions of yuan of new long-term funds" into the stock market.

State-owned insurers and mutual funds are expected to play a pivotal role in the process of stabilizing the stock market.

The Chinese government plans to ensure that share prices will rise by ordering pensions and mutual funds to invest more in domestic stocks, to help jolt the markets out of the doldrums. Officials told reporters in Beijing on Thursday that beginning this year mutual funds should increase holdings of onshore stocks,

China has announced plans to inject hundreds of billions of yuan into its equity markets annually, aiming to bolster investor confidence. In the first half of the year, state-owned insurers will invest at least 100