China unveils plan to channel hundreds of billions of yuan from insurance funds into stock market

China has announced plans to channel hundreds of billions of yuan annually from state-owned insurers into shares. Led by the chief of the China Securities Regulatory Commission, officials from five government departments joined hands to map out the latest action plan to support a struggling stock market. China has more than 50 million active retail investors. Official data showed more than 200 million people in China have stock accounts. There are also more than 700 million mutual fund investors in the country. Tan Si Hui reports.