China Securities Regulatory Commission: Since the beginning of this year, net purchases of A shares by medium and long-term funds have exceeded 600 billion yuan
Quick Look
- Li Chao, vice chairman of the China Securities Regulatory Commission, said at a press conference of the State Council Information Office that since the beginning of this year, the net purchase of A shares by medium and long-term funds such as social security, annuities, and insurance has exceeded 600 billion yuan.
- The China Securities Regulatory Commission will continue to improve the "long-term money and long-term investment" mechanism, optimize the issuance, listing, mergers and acquisitions and reorganization system, and enhance the attractiveness of the A-share market.
AI-generated summary
Why It Matters
The China Securities Regulatory Commission is promoting the entry of medium and long-term funds into the market to enhance the stability of the capital market. Since the beginning of this year, the IPO review cycles in Shanghai and Shenzhen stock markets have been significantly shortened.
China News Service, Beijing, September 10 (Tao Siyue) Li Chao, Vice Chairman of the China Securities Regulatory Commission, attended a press conference of the State Council Information Office in Beijing on the 10th. Since the beginning of this year, medium and long-term funds such as social security, annuities, and insurance have collectively purchased more than 600 billion yuan in A shares, and the circulating market value of A shares held has increased by 12.5% compared with the end of 2025.
Li Chao pointed out that medium and long-term funds insist on long-term investment and value investment, and have achieved good returns for themselves and investors. In 2025, the investment return rate of the National Social Security Fund will reach 13.2%. In the first half of this year, the public fund industry created profits of 1.74 trillion yuan for investors.
Li Chao said that we will continue to improve the market mechanism and ecology of "long-term money and long-term investment", promote the steady increase in the scale and proportion of medium- and long-term funds entering the market, vigorously develop equity public funds, and strengthen the "stabilizer" function of various types of medium- and long-term funds; strengthen cross-market, cross-industry, and cross-border risk monitoring, promote and improve the long-term mechanism for supporting capital market monetary policy tools, and enrich the policy toolbox.
Since the beginning of this year, the average review cycle for IPOs (initial public offerings of stocks) on the Shanghai and Shenzhen stock exchanges has been shortened to about six months, and the refinancing review of some high-quality companies takes less than one month. Li Chao said that the next step will be to implement a more inclusive system for issuance and listing, mergers and acquisitions and restructuring, and strive to make the A-share market the first choice for domestic high-quality companies to list.
What to Watch
AI outlook — possibilities, not facts
The China Securities Regulatory Commission will implement a more inclusive system for issuance, listing, mergers and acquisitions and reorganization.
Very likely · Within months
Open Questions
- What is the specific proportion target for medium- and long-term funds to enter the market in the future?
- When will the details of a more inclusive merger, acquisition and restructuring system be released?
