A Financial Times Service
China Confidential - Premium Investment Insight

Best of Chinese Commentators

12 January 2012

China’s national pension fund has invested over Rmb10bn ($1.6bn, £1.0bn, €1.2bn) into the domestic stock market, state media announced. Dai Xianglong, the head of National Social Security Council, a government entity that manages national pension fund, also encouraged local authority pension funds to invest in equities to preserve and increase their value. He added that 90% of around Rmb1,500bn in pension funds managed by the local government were deposited in banks for an average annual return of 2% in the past decade. In addition, pension funds’ deficits in 14 provinces nearly doubled to Rmb67.9bn in 2010, according to official data. Investing pension funds into stocks has sparked a debate among domestic commentators.

COOKIE POLICY

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website. However, if you would like to, you can change your cookie settings at any time. Find out more about our cookie policy.