www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Pension funds gain access to the stock market

By Zheng Yangpeng (China Daily) Updated: 2015-08-24 09:18

Pension funds gain access to the stock market

A senior man reads a newspaper in Shanghai, Oct 25, 2014. [Photo/IC]

Up to 600 billion yuan ($97 billion) could be channeled into China's struggling equity market after the Cabinet gave final approval on Sunday to allow pension funds access to the stock market.

These funds will be able to invest up to 30 percent of their net assets in the country's stocks, equity funds and balanced funds, according to the finalized rules published by the State Council.

A draft rule was publicized for public consultation on June 30. The Ministry of Human Resources and Social Security said late last month that a majority of the public supported the proposals, including the 30 percent ceiling.

The rule was published on Sunday after shares slumped by nearly 12 percent last week, the worst weekly performance since June.

China's pension funds, which account for about 90 percent of the country's social security fund pool, had net assets of 3.5 trillion yuan by the end of last year, according to the ministry.

Spokesman for the ministry Li Zhong has said that more than 2 trillion yuan of the net assets can be used for investments, which means in theory that about 600 billion yuan could potentially be invested in the stock market.

The vast funds were previously only allowed to be deposited in banks or invested in Treasury bonds, which give very low yields.

Officials said the latest move is an important step to diversify the funds' investment channels and enhance their yield to address the growing number of retired people.

"The pension funds may channel significant liquidity into the stock market, which will boost market sentiment in the short term and will help adjust the structures of investors in the A-share market," said Li Daxiao, chief economist at Yingda Securities Co.

"Access to the stock market will also help pension funds to retain and increase value."

However, some analysts warned that in the short term it is unlikely that 600 billion yuan will flow into the market.

China's pension funds are a patchwork system mostly overseen by city and county-level governments, and it has been difficult to consolidate them even at provincial level.

Yang Yansui, director of the Center for Employment and Social Security at Tsinghua University, said it is not realistic to expect combined pension funds that can be invested in the equity market to reach 600 billion yuan in the short term.

Wu Yiyao in Shanghai contributed to this story.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 色综合久久综合 | 一区二区三区高清视频在线观看 | 在线亚洲日产一区二区 | 综合久久91 | 欧美国产日韩一区二区三区 | 国内精品91最新在线观看 | 2020夜夜操 | 亚洲成 人a影院青久在线观看 | 国产三级a三级三级天天 | 国产一级一级一级国产片 | 久久综合日韩亚洲精品色 | 亚欧精品一区二区三区 | 看久久久久毛片婷婷色 | a级成人高清毛片 | 欧美激情伦妇在线观看 | 男人操美女逼视频 | 日韩精品中文字幕在线观看 | 色综合色狠狠天天久久婷婷基地 | 最新欧美精品一区二区三区 | 国产高清日韩 | 亚洲线精品久久一区二区三区 | 美女又黄又免费视频 | 日本免费大黄在线观看 | 欧美性色网 | 亚洲一级免费视频 | 国产毛片一区 | 玖玖在线国产精品 | 亚洲乱人伦在线 | 精品国产一二三区在线影院 | 国产成在线观看免费视频成本人 | 国产一级生活片 | 京野结衣免费一区二区 | 久久怡红院国产精品 | 精品久久久久久国产免费了 | 欧美一级毛片在线 | 午夜国产理论 | 日a在线| 精品国产欧美一区二区五十路 | 毛片免费在线视频 | 精品厕拍| 一本久久a久久精品亚洲 |