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

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Finance

A-shares may get fillip as 21 companies receive nod to manage pension funds

By Cai Xiao | China Daily | Updated: 2016-12-08 08:13

A-shares may get fillip as 21 companies receive nod to manage pension funds

Employees of Bosera Funds provide consultation services at the company's booth at a finance expo in Beijing. [Photo provided to China Daily]

The first batch of 21 Chinese pension-fund management institutions were approved on Tuesday afternoon. This move is expected to shore up the A-share market greatly.

The National Council for Social Security Fund released on its official website the list of approved companies, including 14 fund management companies, six insurance companies and one securities firm. Among these are China Asset Management Co Ltd, China Life Pension Co Ltd and CITIC Securities. Pension funds previously stayed in bank deposits or treasury bonds, with low yields.

"Based on related regulation, we selected the 21 qualified investment institutions after strict examination and approval processes," said the statement of National Council for Social Security Fund.

Wang Guojun, an insurance professor with the University of International Business and Economics, said it's good to have the option of such managed investments, or the investment return of pension funds cannot be guaranteed.

"It shows confidence in the investment institutions' performances and the release is positive for boosting the A-share market," said Wang.

Wang said the first batch fund of 300 billion yuan ($43.6 billion) is expected to be placed under the management of the qualified investment institutions.

Hong Hao, chief strategist at BOCOM International, said it's positive for the domestic stock market and this approach has been proven by international experience.

According to Hong, pension funds are managed by professional institutions in the United States, and the system is similar in Singapore.

But, Hong said, it does not mean that now is the best time to invest in the A-share market, because these qualified pension managers will start to open positions in the next six months to one year.

In October, the Ministry of Human Resources and Social Security said the first batch of pension fund management institutions would be chosen by the end of this year and would officially launch their operations.

China's pension fund assets totaled 3.99 trillion yuan at the end of 2015, according to data from the Ministry of Human Resources and Social Security.

On May 1, the national guideline to regulate the management of the pension funds took effect. It is the first of its kind issued by the central government.

The guideline allows the country's pension funds to invest in more diversified products with higher risks, such as stocks and private equity funds.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 日韩 欧美 国产 师生 制服 | 国产亚洲一区二区三区不卡 | 成年人免费在线视频 | 亚洲国产天堂在线网址 | 欧美在线一区二区 | 亚洲伊人色综合网站小说 | 国产一区二区三区免费 | 一级毛片a免费播放王色 | 亚洲日本久久一区二区va | 亚洲一区二区三区影院 | 精品72久久久久久久中文字幕 | 2020国产成人免费视频 | 国产热久久精 | 免费欧洲毛片a级视频 | 爽爽视频在线观看 | 国产日韩精品一区二区 | 国产一级免费片 | 国产精品手机在线观看 | 超薄肉色丝袜精品足j福利 超级乱淫视频aⅴ播放视频 | 日韩中文字幕免费 | 黄色美女免费看 | 草草伊人 | 亚洲看看 | rion美乳弹出来四虎在线观看 | 亚洲黄色免费网址 | 久久99国产精品视频 | 国产综合成人亚洲区 | 性高湖久久久久久久久 | 欧美精品a毛片免费观看 | 亚洲综色 | 婷婷丁香花麻豆 | 成人网中文字幕色 | 一级毛片在线完整免费观看 | 一品道一本香蕉视频 | 国产成人精品免费视频大全办公室 | 欧美成人影院免费观 | 国产成人艳妇在线观看 | 日韩欧美国产另类 | 国产在线精品观看一区 | 99九九精品免费视频观看 | 欧美成人亚洲综合精品欧美激情 |