China encourages insurance companies to buy more shares and bonds of high-quality listed companies, the country's top banking and insurance regulator said Monday.

As institutional investors, insurance companies are supported to make value investments and long-term investments to foster stable development of listed companies and the capital market, said Xiao Yuanqi, a spokesperson with the China Banking and Insurance Regulatory Commission.

Xiao said the regulator will establish assets and liabilities supervision and assessment mechanism to facilitate insurance companies in making long-term investments. 

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