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The pilot program for insurance funds to invest in Gold has started, bringing new demand to the Gold market.
Recently, the National Financial Supervision Administration issued a notice on conducting pilot projects for Insurance funds investment in Gold, clarifying that 10 pilot insurance companies can engage in Gold investment pilot projects for the purpose of medium- and long-term Asset allocation. Analysts believe that from a necessity standpoint, Institutions engaging in Gold investment can, on one hand, enrich Insurance investment portfolios, diversify investment risks, and stabilize investment returns, which is beneficial in addressing the challenges posed by a low-interest-rate environment on Asset allocation; and on the other hand, it is conducive to improving the liquidity of the domestic Gold trading market, indirectly creating favorable conditions for the internationalization of the renminbi. Regarding feasibility, the good liquidity of the Gold market in China...
CITIC SEC: Market style stabilizes, Banks stocks are expected to continue a steady upward trend.
Overall, the policies since the fourth quarter have a direct effect on stabilizing financial risks. During the Two Sessions, the likelihood of those policies significantly exceeding expectations is low, but the 'uncertain' policies are moving towards 'certainty'. Therefore, bank stocks are expected to continue a steady upward trend.
China Zheshang Bank Co., Ltd's (HKG:2016) Largest Shareholders Are Private Companies With 32% Ownership, Individual Investors Own 26%
China's Central Bank Conducts 300 Billion Yuan Medium-term Lending Facility Operation
The central bank carried out a one-year MLF operation of 300 billion yuan with interest rates remaining unchanged.
The People's Bank conducted a 300 billion yuan medium-term lending facility (MLF) operation, with a term of 1 year and a winning interest rate of 2.00%.
Leadership Changes at China Zheshang Bank Co., Ltd.
