State-owned insurers and mutual funds are expected to play a pivotal role in the process, the China Securities Regulatory Commission and the Ministry of Finance said in a press briefing.

China announced plans on Thursday to channel hundreds of billions of yuan of investment from state-owned insurers into shares as part of the government's latest efforts to support a struggling stock market.

China introduces measures to boost its equity markets by encouraging share buybacks, higher dividends, wealth management, pension and insurance funds to invest in the markets

State-owned insurers and mutual funds are expected to play a pivotal role in the process of stabilizing the stock market.