BANGKOK (AP) — The Chinese government plans to ensure that share prices will rise by ordering pensions and mutual funds to invest more in domestic stocks, to help jolt the markets out of the doldrums.

The partnership formed by Oracle, OpenAI and SoftBank is due to invest up to $500 billion. SoftBank's shares rose 3.7% on Thursday in Tokyo trading after jumping 11% the day before. Elsewhere in Asia, the S&P/ASX 200 in Australia fell 0.6% to 8,383.50, while the Kospi in Seoul lost 0.8% to 2,526.98.

China is guiding local mutual funds and insurers to boost their stock purchases in the government’s latest initiative to shore up its ailing equity market as it confronts the threat of higher tariffs.

The Chinese government aims to boost domestic stock markets by ordering pensions and mutual funds to significantly increase their investment in domestic shares. This strategic move is expected to infuse hundreds of billions of yuan into the market over the next three years.

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.

Equities rally as authorities set explicit investment targets for mutual funds and state-owned insurance companies

China has announced plans to inject hundreds of billions of yuan into its equity markets annually, aiming to bolster investor confidence. In the first half of the year, state-owned insurers will invest at least 100