From Chinese media
Social Security Funds may hit 1t yuan
Updated: 2011-03-09 10:52
By Ren Jie (chinadaily.com.cn)
Dai Xianglong, chairman of China's National Council for Social Security Funds, said the asset of funds may reach 1 trillion yuan ($148.70 billion) by the end of this year. And it could hit 1.5 trillion yuan by 2015, Shanghai Securities News reported Wednesday.
More institutional funds may be invested in the stock markets in the future, and that will make the market more stable, Dai added. He also said the Social Security Funds will increase investments in subsidized housing and private equity.
Only 7 percent of the funds were invested overseas, Dai said, and the proportion could rise to 20 percent in the future, according to the report.
E-paper
Sindberg leaves lasting legacy
China commemorates Danish hero's courage during Nanjing Massacres.
Preview of the coming issue
Crystal Clear
No more tears
Specials
NPC & CPPCC sessions
Lawmakers and political advisers gather in Beijing to discuss major issues.
Sentimental journey
Prince William and Kate Middleton returned to the place where they met and fell in love.
Rent your own island
Zhejiang Province charts plans to lease coastal islands for private investments