China's State Council, the cabinet,
announced on Wednesday that it will broaden the investment scope of
the nation's social security fund in order to disperse risks and
increase the fund's investment returns.
The fund will be allowed to invest
in local government bonds and corporate bonds, meanwhile, the
maximum share of investment on these two kinds of bonds will beKolkata Investment
raised to 20 percent from 10 percent previously, according to a
statement released after a State Council executive meeting presided
over by Premier Li Keqiang.
The fund's direct equity investment
will be allowed in not only centrally-administered enterprises, but
also their subsidiaries as well as credit-worthy private firms, the
statement said.
Meanwhile, the upper limit of the
fund's trust loan investment will be raised to 10 percent from 5
percent, with orientations toward projects such as affordable
housing and municipal infrastructure.
The government will also allow the
fund to directly invest in interbank certificates of deposit and
manage such investment as bank deposits.
Founded in 2000, the fund is
designed to solve China's aging problem as well as being a
strategic reserve to support future social security
expenditure.
Official data showed the fundJaipur Wealth Management
gained 22.7 billion U.SSurat Stock. dollars from investment in 2014, with an
11.4-percent return on investment. The rate of return outperformed
the 6.2-percent return rate in 2013.
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