Pension fund to opt for shares
Print Edition
CHINA is preparing to allow its multi-billion-dollar pension fund to invest in the stock market next year, an official said yesterday, in a move to boost share prices after a more than 30 percent plunge since June.
As part of a rescue package to back the market, China’s securities regulator said in July that the government was aiming to invest up to 30 percent of its pension fund in stocks.
“We will aim to carry out the plan in 2016,” human resources and social security ministry spokesman Li Zhong said in Beijing.
The fund, to which workers must contribute and which was previously only allowed to invest in treasury bonds and bank deposits, had 3.5 trillion yuan (US$551 billion) in net assets at the end of last year.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
