SFC Combined Rescue Market

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The SFC also said it was promoting investment in pension, provident fund and other investments.

In December 14th, Guo Shuqing, chairman of the securities and Futures Commission, declared that it was necessary to implement the relevant requirements of closer economic partnership arrangement with Hong Kong and Macao, and to introduce the implementation measures of RMB return to the capital market (RQFII) as soon as possible, and gradually expand the actual scale of investment in the Shanghai and Shenzhen stock markets in Hong Kong and Macao. In just two days, the RQFII pilot management method was implemented.

16, the head of the securities and Futures Commission announced that "the pilot scheme for the domestic securities investment of RMB qualified foreign institutional investors of fund management companies and securities companies" has been promulgated. The Hongkong subsidiary of the fund management companies and securities companies that meet certain qualifications will be allowed to use the renminbi fund raised in Hong Kong for the purpose of launching the territory within the approved amount of RMB investment.

The "pilot method" has defined the qualifications that the pilot institutions should have. In order to control the risk, it also stipulates that at least 80% of the funds raised at the initial stage of the pilot project will be invested in fixed income securities, including all kinds of bonds and fixed income funds.

The responsible person of the SFC said that after the successful start and development of the pilot, the SFC will work with the relevant departments to demonstrate the feasibility of further expanding the pilot project.

The official also revealed that, next, the SFC will speed up the examination and approval of the QFII qualification, and the relevant departments will also speed up the examination and approval of the QFII quota.

In addition to the above two contents, the head of the relevant departments of the SFC also said that the SFC is studying policies and measures to encourage all kinds of long-term funds to invest in the stock market. At present, the SFC has communicated with the relevant departments to promote investment in the stock market, such as pensions and provident funds, and has been communicating with relevant departments to introduce a package of preferential tax policies.

It is worth noting that Guo Shuqing made a public statement on the 15 day, suggesting that pension and provident fund should invest in the stock market.

He said that the national pension balance of 2 trillion yuan was distributed in all provinces. In addition, the housing provident fund accumulated 3 trillion and 900 billion yuan, and the balance after deducting loans was 2 trillion and 100 billion yuan.

If these funds are organized, setting up a specialized investment institution or entrusting an institution to invest in the capital market will be of great benefit to all residents.

Datong securities Hu Xiaohui believes that by the end of the year, the market has accelerated the pace of bottom finding and rebounded only last Friday. This time the management has launched policies and statements. Both RQFII, QFII and the promotion of pensions and other stock markets have released a positive signal, which is to encourage all kinds of funds to enter the A share market. This has played a key role in boosting investor confidence, but the impact in the short term may not be obvious, mainly depending on the follow-up policy implementation.