China's financial regulator, the China Securities Regulatory Commission (CSRC), has approved a second batch of long-term stock investment pilot programs worth 52 billion yuan ($7.25 billion). These programs, aimed at bolstering market stability, involve major insurers such as China Pacific Life Insurance, Taikang Life Insurance, and Sunshine Life, as well as asset management firms. This initiative follows the announcement of new measures by Chinese financial authorities to encourage medium- and long-term investment in the stock market. Additionally, the CSRC has proposed 12 measures to significantly increase index investment in the capital market, focusing on optimizing ETF registration and issuance arrangements and reducing investment costs for index funds.