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

   

BIZCHINA / Top Biz News

Pension fund seeks deals with firms
(Shanghai Daily)
Updated: 2006-06-05 15:56

It has also gained approval from the central government to invest another 10 billion yuan in Industrial & Commercial Bank of China, which plans to list in Hong Kong late this year.

A direct overseas equity investment may test waters in Hong Kong with an initial cap of up to US$1 billion, said Xiang Huaicheng, the fund's chairman.

But any move will be subject to the central government's approval.

Meanwhile, China's aging population is calling for more pension funds. The country may need to pay pensions for an estimated 200 million people who will retire by 2035, according to World Bank estimates. The pension gap may widen to 2.5 trillion yuan due to an aging population and higher living costs, analysts and economists said.

Authorities have been adopting various measures to ease long-term pressures on its social welfare system, such as encouraging citizens to buy commercial insurance for protection and gradually allowing people to purchase overseas equities under a Qualified Domestic Institutional Investor scheme.

Selected banks and insurers were allowed last month to invest in overseas fixed-income products with their yuan-backed assets while fund managers can tap the overseas stockmarkets with their own foreign exchange assets.

The moves will make it possible for individual clients to buy a product that invests in overseas financial instruments, helping them to diversify risks and boost returns.

To further bolster the pension system, regulators now require Chinese companies with either domestic or overseas listing to transfer 10 percent of their state-held stakes to the pension fund.

Analysts said the move could largely increase the amount of the fund as a myriad of state companies is queuing to launch IPOs after regulators last month lifted a yearlong ban on first-time stock sales.

Letting the pension fund, which features a long-term investment strategy, take stakes in listed firms may also help prevent a flurry of stocks from flooding the mainland markets, which have rallied nearly 40 percent this year after a four-year slump, they said.

"Now there's a two-way approach for the government to tackle the growing pension problems," said Zhu Yan, a Bank of China manager. "It has to boost the returns of the national welfare fund while opening more investment channels for citizens."


Page: 12

(For more biz stories, please visit Industry Updates)

 
 

主站蜘蛛池模板: 黄色在线网站 | 男插女青青影院 | 亚洲欧洲久久 | 国产专区一区 | 综合久久久久 | 午夜一级黄色片 | 国产 欧美 在线 | 丁香婷婷综合激情五月色 | 午夜黄色网 | 日本久久免费 | 欧美三级在线 | 日韩欧美中文字幕一区二区 | 欧美黄色三级视频 | 毛片网站在线观看 | 69福利视频 | 欧美一级视频在线观看 | 亚洲天堂精品在线观看 | 国产精品九 | av在线免费观看网址 | 亚洲精品少妇久久久久久 | 色网在线观看 | 国产v在线观看 | 久草色视频| 种付おじさん在线播放 | 九九热精 | 91最新国产 | 国产精品一区二区三区四区五区 | 中国黄色录像一级片 | 一区二区三区在线视频观看 | 久久99国产综合精品免费 | 久久精品香蕉 | 欧美一区二区三区爽爽爽 | 涩色av| 日本三级中文字幕在线观看 | 国产一级在线视频 | 在线日韩av | 午夜性视频 | 在线看福利影 | 久久亚洲精品小早川怜子66 | 精品国产18久久久久久 | 黄色片在线免费观看 |