23 Jan 2025 09:46pmChina 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.$Alibaba(09988)$  $Meta Platforms, Inc.(META)$  $Alphabet(GOOG)$  

We are delighted with the fantastic response to our first launch of 2025," said Sherman Kwek, group CEO of CDL. "The strong take-up rate for The Orie reflects the development's exceptional design and locational attributes. As of 6 pm on Jan 19, the conclusion of its launch weekend, the 777-unit private condo The Orie had sold 668 units or about 86%. The average transacted price of the units sold was $2,704 per square foot (psf). $CityDev(C09.SI)$   $DBS GROUP HOLDINGS LTD(D05.SI)$   $Tiger Brokers(TIGR)$   $CapitaLandInvest(9CI.SI)$   $Meta P