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