China is undergoing a significant shift in corporate governance, a recent insight by State Street Global Advisors (SSGA) states.
Oliver McClure, Managing Director at SSGA, points out that Chinese policymakers have issued ‘Nine Point Guidelines’ for capital market reform every decade since 2004, with the 2024 plan marking the third iteration. While earlier plans targeted the development of various asset classes, the latest plan focuses almost exclusively on strengthening the equity market and driving improvements in corporate governance, underpinning the recent drive for better corporate governance.
“It would appear that policymakers in China now taking action to address the challenge presented by aging demographics and a chronically under-funded pension system. Improving investment returns from the equity market is likely to be an important element in solving this problem, as well as returning the wider economy to a stronger footing,” McClure adds.
Read the full insight here.
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