Investments from the National Social Security Fund, mutual funds and other sources will be increased to boost the stock market, regulators say.

BEIJING -- Chinese financial authorities have unveiled a plan to detail measures for encouraging medium- and long-term funds into the capital market to further stabilize stock performance, the country's top securities regulator said Wednesday.

Asian equities were higher, except for Hong Kong and Mainland China, which were off following President Trump’s 10% tariff threat, which prompted profit-taking after six days of gains.

China rolled out a basket of measures to stabilize its stock markets, including plans to boost the amount pension can invest in the nation’s listed companies, as it combats uncertainty in a second Donald Trump presidency.

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

China said on Wednesday it will guide big state insurers and commercial insurance funds to increase investments in the A-share market, in a latest move to boost its lagging stock market. Under a plan jointly released by six financial regulators including the securities regulator,