On January 11, Dai Xianglong, former governor of the People’s Bank of China, said at the 29th China Capital Market Forum (2025) on January 11 that China has the necessity, conditions and ability to build a strong capital market. In terms of policy recommendations, Dai Xianglong proposed to study and support the establishment of national securities companies by large commercial banks. In addition, he also suggested increasing the investment of pension funds in the stock market and expanding the proportion of insurance funds invested in equity products. (Shanghai Stock News)
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