Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), said at a press conference of the State Council Information Office this morning (23rd) that the second batch of pilot long-term equity investment by insurance funds in 2025 will be landed in first half of the year, with the scale no less than RMB100 billion. It is clear that the market cap of A-shares held by public funds will expand by at least 10% annually in the next three years. As for commercial insurance funds, large state-owned insurance companies will strive to invest 30% of their annual new premiums in A-shares from 2025.Related NewsCN Jan CPI +0.5% YoY, vs +0.4% in ConsensusWu commented that unclogging the entry of medium and long-term capital into the market means that the authority will solve big problems as soon as possible. The authority will focus on unclogging the jam of public funds, commercial insurance, social security funds and pension funds and other medium and long-term capital; put forward a series of specific measures to determine the entry of various types of medium and long-term capital into the market.It will also increase the scale and proportion of the investment; focus on guiding the commercial insurance funds, the National Social Security Fund, basic pension insurance funds, occupational pension funds, public equity funds and other medium- and long-term funds to further step up their efforts to enter the market. Related NewsSpot USD/CNY Rises 16 Bps to Close at 7.3061