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NSSF: Local pension funds should invest in equities

01-11-2012 14:08 BJT

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The Chairman of China's National Social Security Fund, Dai Xianglong, has suggested allowing China's pension funds, managed by the country's provincial governments to invest in the country's equity markets.

The pension funds are part of China’s social security system and have been collected mainly from companies and individuals.

The Chairman noted that these pension funds could be permitted to invest 25 to 40 percent of their assets into the stock market, which are currently only allowed to invest in bank deposits and central government bonds.

Analysts say the value of such funds have exceeded more than 280 billion U.S. dollars last year.

 

Editor:Zhang Rui |Source: CNTV.CN

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