《关于推动中长期资金入市工作的实施方案》及国新办发布会事件点评：五大举措打通中长期资金入市堵点 “稳股市”迎来政策保障

Policy Impact - The "Implementation Plan for Promoting Medium and Long-term Funds into the Market" aims to stabilize the stock market by increasing the scale and extending the cycle of medium and long-term funds entering the market[1] - The policy is expected to bring incremental capital to the market, supporting stable development and boosting investor confidence in 2025[1] Insurance Funds - Large state-owned insurance companies are expected to invest 30% of their new premiums annually into A-shares starting from 2025, exceeding market expectations[1] - The implementation of a long-term performance evaluation mechanism for state-owned insurance companies will strengthen the role of insurance funds as a major force in medium and long-term investments[1] Social Security and Pension Funds - The policy aims to increase the proportion of stock investments by the National Social Security Fund and expand the scale of entrusted investments by basic pension funds[1] - A long-term performance evaluation mechanism of over five years for the National Social Security Fund and over three years for basic pension funds will be established[1] Enterprise Annuity - The policy encourages the expansion of enterprise annuity coverage and supports differentiated investment strategies by enterprise annuity fund managers[1] - A long-term performance evaluation mechanism of over three years for enterprise annuity funds will be introduced[1] Public and Private Funds - The policy emphasizes improving the mechanism for public funds to increase the proportion of equity investments and enhance investor returns[2] - The introduction of operational rules for private securities investment funds will expand product types and investment strategies[2] Investment Ecosystem - The policy encourages listed companies to increase share repurchases and implement multiple dividend distributions annually[2] - It allows various funds, including public funds, insurance funds, and pension funds, to participate in listed companies' private placements as strategic investors[2] Risk Factors - Potential risks include policy effects falling short of expectations and increased volatility in the capital market[3]