China plans to allow pension fund to invest in stock markets
Beijing
CHINA will allow its basic endowment pension fund to invest in stock markets, according to draft regulations posted on the Ministry of Finance's website.
The fund also will be allowed to invest in domestic bonds, stock funds, private equities, stock-index futures and treasury futures, according to the draft. The proportion of investment in stocks, funds and stock-related pension products will be capped at 30 per cent of the pension fund's net value, according to the proposed rules posted on Monday.
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