日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Markets

Pension funds 'not obliged' to prop up stock market

By Zheng Yangpeng (China Daily) Updated: 2015-08-29 07:19

Pension funds 'not obliged' to prop up stock market

An investor watches an electronic board showing stock information at a brokerage office in Hangzhou city, Zhejiang province, Aug 24, 2015.[Asianewsphoto by Long Wei]

State Council approves channeling up to 600b yuan into nation's equity market

China's pension funds do not have the obligation to prop up or rescue the country's turbulent stock market, a top official said on Friday amid popular expectations for the funds to do so.

Up to 600 billion yuan ($97 billion) could be channeled into China's equity market after the State Coucil gave final approval on Sunday to allow pension funds access to the stock market. These funds will be able to invest up to 30 percent of their net assets in the country's stocks, stock index futures and government bond futures, a departure from the requirement that the massive funds could only park money in low-yielding bank deposits and Treasury bonds.

However, the news did not stop an 8.5 percent plunge the following day as investors were not optimistic on the short-term effect of the decision.

You Jun, deputy minister of the ministry of human resources and social security, told a news briefing that the National Council for the Social Security Fund will prudently make investment decisions with the intention of protecting and growing the fund.

"The funds do not have the obligation to prop up or rescue the stock market, as many hoped it would," said You.

China had 3.5 trillion yuan in pension funds as of the end of 2014, and about 2 trillion yuan can be invested after setting aside funds for pension payments, You said. China can ensure "stable" long-term return of the funds.

Responding to how long it will take the funds to flow into the market, Deputy Finance Minister Yu Weiping dodged a definite answer.

He said the government is drafting rules for pooling and transferring the myriad funds and investments into the stock market. It will take place after specific rules are made and the funds pooled.

"We are actively making the rules and hope it would come out as soon as possible. The entrusted agencies also have the right to decide when to invest," Yu said.

China's pension funds are a patchwork system that is mostly overseen by city and county-level governments, and it has proved difficult to consolidate them even at the provincial level. To consolidate the funds means local governments will cede control of the money to a centralized organization, the most challenging part of the work, experts said.

Yu said the Finance Ministry is considering incentives, such as tax breaks, to encourage local governments to do so.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美亚一区二区三区 | 国产精品jizz| 日韩网站在线播放 | 黄页网站在线看 | 国产特黄毛片 | 91成人福利 | 午夜美女福利 | 日韩综合久久 | 欧美久久影院 | 波多野结衣一区二区三区在线观看 | 日韩精品国产一区 | 成人免费视频国产免费麻豆 | 波多野结衣亚洲一区二区 | 午夜丁香影院 | 日韩欧美三级视频 | 黄视频在线播放 | 国产精品福利一区 | 半推半就一ⅹ99av | 亚洲激情视频 | 免费毛片大全 | 色狠狠综合网 | 亚洲第六页 | 日韩欧美视频在线免费观看 | 亚洲美女在线观看 | 欧美一级一级 | 色撸撸在线| 在线第一页 | 久久草草 | xxxx黄色片 | 97视频资源 | 亚洲美女在线视频 | 青青青视频在线 | 国产美女自拍视频 | 亚洲精品免费在线 | 18久久 | 亚洲成人国产精品 | 91在线免费视频观看 | 欧美视频国产 | 玖草视频在线观看 | 久热香蕉视频 | 亚洲a v网站|