Chinese May Encourage Pensions To Invest In Stocks
January 31, 2012
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China To Encourage Pensions Invest In Stock Market
According to a Bloomberg report, there is speculation that the Chinese government will begin encouraging pension funds to invest in equities. The article cited a Tuesday Securities Times report that China may announce methods for local pension to invest in the stock market as soon as the first quarter. The report said as much as 30% of pension assets, or about 580 billion yuan ($91.6B), may be allowed for stock investment.
The Shanghai Composite Index rose +0.3% on Tuesday and finished up +4.2% in January, its best January performance since 2009.
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