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<Research>M Stanley: CSRC Encourages Big State-owned Insurers to Invest 30% of New Premiums in A-shrs, Believes CN Banks to Be Main Investment Option
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The China Securities Regulatory Commission (CSRC) encouraged large state-owned insurers to invest 30% of their new premiums in A-shares, suggesting that Chinese banks will likely become a major investment option for state-owned insurers due to their attractive dividend yield and stable dividend payout ratio, Morgan Stanley released a research report saying. More rational and long-term policies and credit cycle bottom should support the sustainable development of the financial market and the satisfactory performance of banks. Morgan Stanley believed that several factors will continue to drive the performance of Chinese banks, including the possibility of a more constructive market view on banks' operating metrics and the expansion of fiscal policy support, buffering the tail risk of banks' credit quality, etc.. AAStocks Financial News |
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