China will take a raft of measures to promote the market entry of medium and long-term capital, in a move to invigorate its capital markets, according to a new guideline made public Thursday.
The guideline, issued by the office of the Central Financial Work Commission and the China Securities Regulatory Commission, is designed to streamline the entry of capital from social security funds, insurance and wealth management into the market.
Key measures outlined include the development of a market environment that encourages long-term investments and the improvement of the quality of publicly listed companies.
The guideline advocates the expansion of public equity funds and supports the stable development of private equity investment funds.
Additionally, the guideline seeks to refine policies and institutions that facilitate the entry of diverse medium and long-term capital.
It aims, among other things, to significantly increase the scale and proportion of medium and long-term capital investments, create a more balanced structure of capital market investors, strengthen the long-term nature of investment behaviors, and enhance the inherent stability of the market, while steadily improving investor returns.
The Political Bureau of the Communist Party of China Central Committee held a meeting on Thursday to analyze and study the current economic situation and make further arrangements for economic work.
The meeting called for efforts to boost the capital market, vigorously guide medium and long-term funds to enter the capital market, clear the obstacles for social security, insurance, and wealth management funds to invest in the capital market.
China encourages medium, long-term capital to enter market with new guideline
The organizing committee of the Milano-Cortina 2026 Paralympic Winter Games has unveiled the titles, creative visions, and first talents of the opening and closing ceremonies, as Thursday marked 50 days before the event officially gets underway.
Scheduled from March 6 to 15 across multiple Italian cities, the Games will bring together 665 athletes from 50 countries and regions to compete for 79 gold medals across six sporting disciplines.
The opening ceremony, titled "Life in Motion," will be staged at the historic Arena di Verona, a UNESCO World Heritage Site, presenting a tribute to change and transformation that seeks to redefine disability through a new harmony between people and the environment.
"I paid close attention to the opening ceremony of the Beijing Winter Olympics, which I consider one of the three or four most beautiful in the history of Olympic ceremonies. This time at the ancient Arena di Verona, we will place greater emphasis on showcasing the human element," the ceremonies' artistic director Alfredo Accatino told a Chinese reporter at the event.
The closing ceremony, themed "Italian Souvenir," will be held on March 15 at the Cortina Curling Olympic Stadium, guiding athletes, volunteers, and fans through a journey that captures the emotions and memories of the Games after days of competition and achievement.
Craig Spence, the International Paralympic Committee's Chief Brand and Communications Officer, believes that Italy will deliver "the best Paralympic Games" following the benchmark set by the Beijing Winter Paralympics in 2022.
"I think what China did in Beijing has really set the benchmark for all future teams competing in the Paralympic Winter Games in terms of performance. That's why I think Milano-Cortina will be the best Paralympic Games we've ever seen for sports," he said.
Milano-Cortina Paralympics reveal opening, closing themes as Games draw near
