China - CIC, SAFE, NSSF, Central Huijin etc.

Re: CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Tue Jan 17, 2012 6:17 pm

China's National Social Security Fund has won approval to invest 100 billion yuan ($15.8 billion) from local pensions in stocks and bonds, the China Securities Journal reported today.

The investment will add to about 800 billion yuan of capital currently managed by the pension fund, the newspaper reported, without saying where it got the information.

Almost 30 to 40 percent of the new funds provided by an unidentified southern province will probably be invested in stocks, according to the report.

China's securities regulator said last week it will “actively” push pension and housing funds to begin investing in capital markets, and encourage long-term investors such as insurers and corporate pension plans to buy more shares.

Source: Bloomberg
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Fri Jan 20, 2012 6:31 am

If it's RMB 200b, then it's about 4 days of turnover, at RMB 60b a day. Are u really excited ?


Billions may lock in on local stocks
Friday, January 20, 2012

Local governments in China could plow up to US$57 billion (HK$444.60 billion) into domestic stock markets under a proposal under consideration at the State Council, sources said.

If approved, the move would be a welcome boost for stocks as the Shanghai exchange has lost a quarter of its value in the past nine months and is trading 62 percent below its 2007 peak.

Mainland pension funds - mostly managed at the local level - have struggled to retain the value of their holdings as they can only put workers' savings in bank accounts and government bonds. That often means negative returns when adjusted for inflation.

The proposal could see 10-20 percent of provincial and large city pension fund assets gradually funneled into the stock market, a source said. This would be equivalent to 180-360 billion yuan based on an official's estimate of pension funds held at the local level.

The percentage allowed would vary by locality, said the source, close to the government.

A senior financial industry executive familiar with the proposal put the likely total figure lower, at 100-200 billion yuan.

In December, Dai Xianglong, head of the National Social Security Fund, said the government was considering a plan to gather together part of the pension funds managed by provinces and cities and invest some of that in stocks.

China's local pension holdings total around 1.8 trillion yuan, Dai has said. The NSSF has been publicly exploring ways to boost returns on the country's pensions, an increasingly urgent need as China's 1.35 billion population ages.

Source: REUTERS


http://www.thestandard.com.hk/news_deta ... 20120&fc=8
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Mon Feb 06, 2012 5:38 am

Pension fund mechanism in the works
Monday, February 06, 2012

China's State Council is laying the groundwork for a mechanism to manage equity investment by provincial pension funds, mainland media reported.

"Government departments have given drafts to the State Council, and a final scheme is on the cards," the Economic Information Daily reported yesterday, quoting a source close to the council.

A report earlier this month said local government pension funds may be allowed to invest in the domestic stock markets. As a result, 580 billion yuan (HK$713.1 billion) could flow into equities. At the end of last year, pension funds had 1.92 trillion yuan in assets.

"There is little doubt about allowing pension funds into the stock market, but operation is difficult," Wen Zongyu, director of the finance ministry's Economic Research Office, told the daily, which is controlled by Xinhua News Agency.

Premier Wen Jiabao has suggested taking a step-by-step approach.

"Only when the authority comes up with effective management measures ... should the local governments dare to make the investment with the hard- earned money."

Currently, social security funds are only permitted to purchase national debt or maintain funds in bank deposits.


http://www.thestandard.com.hk/news_deta ... 20206&fc=1
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Tue Feb 14, 2012 12:07 pm

not vested

In a move that could weigh on two of the mainland's biggest lenders, China's national pension fund sold about HK$153 million ($20 million) worth of Industrial and Commercial Bank of China (ICBC) and Bank of China shares, the lenders said on Monday.

Source: Reuters
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Mon Mar 05, 2012 9:53 pm

China wealth fund gets $30 bln injection

China's $410-billion sovereign wealth fund received a $30 billion injection from the government last year, boosting its investment war chest for European assets, state media said Monday.

China Investment Corporation (CIC) was set up in 2007 to invest some of the country's world-beating foreign exchange reserves overseas.

The fund received the additional capital from the State Administration of Foreign Exchange (SAFE) late last year, the China Daily quoted the fund's deputy general manager, Wang Jianxi, as saying.

The money would be used to buy assets in debt-stricken European countries, Wang said.

CIC "in the short term would devote itself to investing in the region in an active way," he said.

State media said last month that CIC had also received $50 billion from the central bank after the Chinese Lunar New Year holiday in January.

The combined capital injections would increase the value of CIC's assets to $490 billion, based on the latest available figures.

AFP calls to the wealth fund went unanswered and a spokesman for SAFE would not immediately respond to requests for comment.

The capital injection comes as China's companies and funds increase investment overseas, especially in debt-laden European economies and resource-rich Latin America, due to growing competition at home.

In January CIC bought 8.68 percent of British utility company Thames Water -- the largest water and sewage service provider in the country -- through a wholly-owned subsidiary.


Source:AFP Global Edition
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Thu Jul 26, 2012 11:53 am

CIC disposes of several second, third-tier stocks in block trades with prices undisclosed

Information provided by the stock exchange shows that China Investment Corporation disposed of shares of quite a number of second and third-tier stocks last Friday but the prices were not disclosed.

CIC sold 85.3255 million shares, or 8.57% interests, of BAOFENGMODERN (01121) while disposing of 45.320388 million shares, or 5.84% interests, of COSTIN NEW MAT (02228).

It also disposed of shares of HILONG (01623), SINO-I TECH (00250) and XIEZHONG INTL (03663).

Source: AAStocks Financial News
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Tue Sep 18, 2012 10:26 am

National Social Security Fund spends nearly 30% of capital in equity investment

Xinhua News Agency's reporters were informed by the National Social Security Fund Council that as to the equity investment, the Fund committed to invest RMB22.655 billion, accounting for nearly 30% of the overall size of the Fund.


Source: AAStocks Financial News
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Thu Oct 11, 2012 10:32 am

Huijin raises stake in 4 major CN banks; to continue to buy stake

Central Huijin Investment announced that it has increased stake in the four major state-owned banks on the secondary market since yesterday and the overweight will continue.

Central Huijin Investment has raised equity interest in bank stocks for the fourth successive quarter.

It has cumulatively bought 116.64 million shares in ICBC and 251 million shares in BOC in the 12 months since 10 October 2011.


Source: AAStocks Financial News
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby winston » Wed Dec 19, 2012 3:51 pm

Social Security Fund's balance at end of 2011 up 34%

As of the end of 2011, the balance of China's Social Security Fund jumped 34% year-on-year to RMB2.9818 trillion, Ministry of Finance data show.

In order to replenish the capital at Social Security Fund, China Securities Regulatory Commission chairman Guo Shuqing earlier proposed to place more state-owned financial assets with the fund.

Source: AAStocks Financial News
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Re: China - CIC, SAFE, NSSF, Central Huijin etc.

Postby behappyalways » Thu Jan 30, 2014 12:19 pm

Shadow banking: China's wobbly house of cards
http://finance.fortune.cnn.com/2014/01/ ... d=HP_River
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