China pension funds ready 2t yuan war chest for market foray

Hong Kong

CHINA'S pension funds are about to become stock investors.

The country's local retirement savings managers, which have about two trillion yuan (S$403 billion) for investment, are handing over some of their cash to the National Council for Social Security Fund, which will oversee their investments in securities including equities. The organisation will start deploying the cash in the second half, according to China International Capital Corp and CIMB Securities.