综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Pension funds set to be invested in the stock market

chinadaily.com.cn | Updated: 2017-02-17 15:02

Pension funds set to be invested in the stock market

An investor checks stock information on his mobile phone in front of an electronic board showing stock information at a brokerage house in Beijing, Feb 16, 2016.[Photo/Agencies]

A total of 360 billion yuan ($52.5 billion) in pension funds has been freed up at a provincial level to pursue long-term asset growth, clearing the way for the funds to flow into the stock market, Securities Daily reported.

Seven provinces and municipalities including Beijing and Shanghai have started to grant local pension managers more flexibility in investment operation, You Jun, vice minister of Human Resources and Social Securities, said at a work conference on Thursday, according to the newspaper.

"The pension funds will most likely invest in blue-chips with a high dividend payout," Dong Dengxin, finance professor at Wuhan University of Science and Technology, told the media, adding that there should be an initial cap on equity asset of 10 or 15 percent.

In an earlier report, Huatai Securities estimated that provincial-level pension funds will eventually invest about 400 billion yuan in A shares, representing less than 1 percent of the total market value.

The move is a bid to boost yields of pension funds managed at a local level whose investments were limited only to deposits and government bonds.

The move also coincides with the government's decision to ease restrictions on domestic stock index futures trading, signaling lowered market risk.

Commission fees for intra-day position-closing will be lowered to 0.092 percent of the transaction volume from the previous 0.23 percent. According to the China Financial Futures Exchange, margin requirements for non-hedging transactions on Hushen 300 index futures and SSE 50 index futures will be reduced from 40 percent of the contract value to 20 percent.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
阿坝县| 交城县| 独山县| 阜平县| 冷水江市| 南阳市| 会理县| 集安市| 镇巴县| 年辖:市辖区| 南江县| 洪洞县| 颍上县| 高安市| 精河县| 新沂市| 三都| 邢台县| 蓬莱市| 辽阳市| 宜丰县| 博野县| 九龙坡区| 南华县| 临沭县| 翁源县| 诸暨市| 家居| 宾阳县| 芷江| 襄汾县| 绍兴市| 仪征市| 铁岭县| 大连市| 宁安市| 聂拉木县| 同德县| 崇礼县| 合山市| 靖州|