Chinese financial authorities have introduced new measures aimed at promoting long-term investment in the stock market. Wu Qing, Chairman of the China Securities Regulatory Commission, emphasized that long-term funding will serve as a stabilizing force for China's equity market.

China on Thursday detailed measures to encourage state-owned funds and insurers to buy more shares, aimed at stabilizing the struggling stock market at a time when U.S. President Donald Trump is preparing to announce tariffs on Chinese imports.

Big state-owned insurance firms are guided to raise the size and proportion of their investment in shares listed on the mainland, and to allocate 30 percent of their newly generated premiums to buying stocks, Wu Qing, chairman of the China Securities Regulatory Commission said at a press conference yesterday.