China Securities Regulatory Commission: Promote the continuous increase of the proportion of medium- and long-term funds entering the market

The China Securities Regulatory Commission (CSRC) stated that by the end of last year, medium- and long-term funds held approximately 23 trillion yuan of the circulating market value of A-shares, with the scale of equity funds growing to 11 trillion yuan. It will continue to improve the institutional environment to promote the entry of medium- and long-term funds into the market. Morgan Stanley economist Xing Ziqiang pointed out that fields such as artificial intelligence and biotechnology are receiving market attention. CSRC Vice Chairman Chen Huaping mentioned that measures such as long-cycle assessments will be introduced in 2024 to optimize investor institutional arrangements. Last year, cash dividends for A-shares reached a historical high, strengthening shareholder return awareness. Xing Ziqiang also mentioned the trend of depreciation of dollar assets, making renminbi assets attractive for long-term allocation