BEIJING (Reuters) – China said on Wednesday it will guide major state insurers and commercial insurance funds to increase investments in the A-share market, in the latest move to boost its lagging stock market.

Under a plan jointly published by six financial regulators, including the securities regulator, large state-owned insurance companies will be directed to increase both the size and proportion of their investments in publicly traded Chinese stocks. continent and variable income fund.

Regulators will implement a long-term performance assessment for state-owned insurance companies, with annual return on capital weighted no more than 30% of the assessment, and at least 60% for a longer cycle of three to five years.

The plan comes as Chinese stocks began 2025 with deep losses on concerns that U.S. President Donald Trump will impose heavy tariffs on Chinese goods, increasing pressure on an already sluggish economy.

The plan will increase investments by China’s National Social Security Fund and pension funds in the stock market.

It will also guide mutual fund managers to steadily increase both the size and proportion of equity funds under their management.

China has unveiled a series of measures to boost investor confidence and revive its stock market. Among measures to support capital markets in recent months, authorities have launched swap and loan programs totaling 800 billion yuan to buy shares.

(Reporting by Ziyi Tang, Yukun Zhang and Ryan Woo; Editing by Jacqueline Wong and Alison Williams)