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China’s Securities Regulator Aims to Channel People’s Savings Into Public Funds

Capital Market China China Business & Economy China Society Chinese economy Chinese market Chinese Regime household savings

China’s Securities Regulator Aims to Channel People’s Savings Into Public Funds

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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. However, some financial experts have raised doubts about the CSRC’s plans. Experts: No Credible Sources of Investment  Zheng Yi, former manager of an investment bank in mainland China, told The Epoch Times on Dec. 24 that Chinese citizens do not have much savings right now and most of them are burdened with mortgage loans. “The so-called household savings are the only emergency funds that …

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