Jan 16 - Dai Xianglong: Only a Small Fraction of Pension Funds Will Be Invested in Stock Market

Source: Securities Times, ChinaScope Financial (Data)

+   According to DAI Xianglong, Chairman of the National Council for Social Security Fund of the People’s Republic of China, the pension funds to be invested in capital market refer to the pension funds with the nature of reserve, accumulation, and steady reinvestment, instead of the “pay as you go” pension funds. 

+   Only a small fraction of the pension funds will be allowed to be invested in equity stocks.

+   DAI emphasized a long-term and responsible value investment concerning the stock investment for pension funds. 

+  Related Data: Persons Covered by Social Welfare, Income and Expenditure of Social Welfare Fund, Income and Expenditure of New Rural Pension Fund

Coverage of social insurance has been improving in recent years.

For more data on Chinese macro data, please visit www.chinascopefinancial.com

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