Pen­sion fund ap­points cus­to­dian banks

China Daily (USA) - - BUSINESS -

GOVTS& POLI­CIES China’s Na­tional Coun­cil for So­cial Se­cu­rity Fund has selected four banks to be cus­to­di­ans for its ba­sic pen­sion in­sur­ance fund, it said in an on­line state­ment on Tues­day. The four banks are In­dus­trial and Com­mer­cial Bank of China, Bank of China, Bank of Com­mu­ni­ca­tions and Chi­naMer­chants Bank, ac­cord­ing to the state­ment, which did not pro­vide fur­ther de­tails.

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