China has launched a multiyear plan to ensure a continuous inflow of additional long-term funds into the A-share market, with the aim of providing direct support for the steady performance of the world's second-largest stock market, officials said on Thursday.
Analysts said the measures, potentially pumping in around 1 trillion yuan ($137.2 billion) of medium- to long-term funding annually, indicate that policymakers are stepping up pragmatic measures to restore investor confidence, which is an immediate priority amid lukewarm domestic spending and lingering external uncertainties.
