Related News
Stocks rise as pension funds may enter equity markets
By Lydia Chen |
November 11, 2011, Friday
|
Online Edition
Online Edition
THE Shanghai stock market rose in the morning session today, recouping some losses form the past two days after a senior official said the nation might allow pension funds to invest in capital markets.
The Shanghai Composite Index added 0.60 percent to 2,494.41. Turnover fell to 40 billion yuan (US$6.33 billion) from yesterday morning's 50.2 billion yuan.
Media, coal and real estate plays were among the best performers this morning.
Poly Real Estate climbed 1.04 percent to 9.68 yuan. Datong Coal Industry Co jumped 1.34 percent to 15.91 yuan. Shanghai Xinhua Media Co was up the daily cap of 10 percent to 8.49 yuan.
Dai Xianglong, president of the National Council for Social Security Fund, said yesterday that authorities were studying the possibility of allowing pension funds to invest in capital markets in a similar way as the country's 900-billion-yuan sovereign fund that has seen an average returns of 7 percent in the past decade.
China's pension fund is expected to grow to 1.8 trillion yuan this year, according to Dai.
The Shanghai Composite Index added 0.60 percent to 2,494.41. Turnover fell to 40 billion yuan (US$6.33 billion) from yesterday morning's 50.2 billion yuan.
Media, coal and real estate plays were among the best performers this morning.
Poly Real Estate climbed 1.04 percent to 9.68 yuan. Datong Coal Industry Co jumped 1.34 percent to 15.91 yuan. Shanghai Xinhua Media Co was up the daily cap of 10 percent to 8.49 yuan.
Dai Xianglong, president of the National Council for Social Security Fund, said yesterday that authorities were studying the possibility of allowing pension funds to invest in capital markets in a similar way as the country's 900-billion-yuan sovereign fund that has seen an average returns of 7 percent in the past decade.
China's pension fund is expected to grow to 1.8 trillion yuan this year, according to Dai.
- 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.
