STOCKS | Ping An Backs Capital Market Development, Long-Term Investing

Ping An Insurance (2318) said it will further support capital market development and boost investor confidence by leveraging insurance funds as patient and long-term capital, according to Ming Pao. The company said it is confident in China's economic outlook and believes in the long-term value of China's capital markets. It added that it will use a range of integrated financial tools and investment strategies to increase investment in strategic emerging industries, advanced manufacturing, new infrastructure and value stocks.