Pen­sion fund to in­vest in stock mar­ket

China Daily (Canada) - - FRONT PAGE -

China’s pen­sion fund has been give the okay to in­vest in the stock mar­ket as the coun­try faces the chal­lenge of an ag­ing pop­u­la­tion.

An of­fi­cial draft guide­line re­leased gives the fund the green light but re­stricts the max­i­mum pro­por­tion of in­vest­ment in stocks and eq­ui­ties to 30 per­cent of to­tal net as­sets. Be­sides the stock mar­ket, the fund may in­vest in gov­ern­ment and cor­po­rate bonds, ma­jor na­tional con­struc­tion projects and lead­ing state-owned en­ter­prises.

The move is to im­prove in­vest­ment man­age­ment and su­per­vi­sion of the so­cial se­cu­rity fund and di­ver­sify in­vest­ment chan­nels, said a state­ment from the Min­istry of Hu­man Re­sources and So­cial Se­cu­rity and Min­istry of Fi­nance.

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