12/12/2024, BEIJING — The China Securities Regulatory Commission (CSRC) announced today that mainland stock indices (CSI300, CSI500, Shenzhen 100, A50, ChiNext, and even Star 50) along with their passive ETFs have been added to the list of financial products eligible for Chinese private pension fund investments.
Following an extended pilot phase, today's working conference decision has opened private pension funds to all population segments nationwide starting December 15th.
Beijing's logic appears crystal clear: no asset price appreciation means no feel-good factor, and no feel-good factor means no consumption. When in Rome - or rather, when dealing with Trump - do as Trump does, seems to be Beijing's new playbook.
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COMMON FAN
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