Gold-mining restrictions
(China Daily)Updated: 2006-12-04 10:44
Agricultural directives
The Chinese Government has ordered the full implementation of rural and
agriculture policies to ensure stable agricultural development and a sound
development basis for next year.
The State Council last week outlined the
policies, which include subsidies for crop production, ensuring the rights of
rural workers and farmers who have handed their land to the government and
assisting rural students in poor families.
Water conservancy projects
will be accelerated to ensure living and irrigation water supplies for next
year, and sufficient supplies of seed and fertilizer will be allocated,
according to an instruction issued at a State Council executive meeting presided
over by Premier Wen Jiabao.
Overseas investments
The National
Council for Social Security Fund (SSF) last week awarded 10 foreign fund
managers the intensely sought after mandates to invest more than US$1 billion
into overseas stocks and bonds for the first time.
SSF currently manages
around 200 billion yuan (US$25.3 billion) in the welfare fund, of which US$1
billion has been earmarked for overseas investment.
Some 84 fund managers
from around the world competed for the mandates. Two of the 10 winners are asset
management companies owned by Allianz, Germany's biggest insurer, and two others
are part of AXA, France's top insurer.
SSF posted the names of the 10
winners on its website last Wednesday.
Xiang Huaicheng, chairman of the
SSF, says the appointments mark a historic step for his fund.
 | 1 | 2 | 3 | 4 |  |
(For more biz stories, please visit Industry Updates)