The China Securities Regulatory Commission (CSRC) convened on Dec. 22 to address the challenges of the capital market for the year 2021. The authorities emphasized the importance of investing in public funds to spur economic growth and urged financial institutions to increase public equity funds by transforming household savings into investments.
Chinese state media Securities Daily stated that the citizens’ household savings will be one of the most important factors underpinning China’s capital market, and that citizens should be enticed by “gains” to enter the market.
