Pension Funds Money Coming to Stock Market

Caixin: China's Pensions Poised for Stock Market Play
Governments in Shandong and Guangdong recently became the first to revamp pension fund investment practices in ways that apparently conform to a plan rolled out by the central government's Ministry of Finance and the Ministry of Human Resources and Social Security.

The plan, which was released on June 29 so the public can comment, would broaden investing options for pension funds managed by local offices of the social security ministry nationwide. These funds vary in size and function, but generally fall into one of the four categories, namely rural, urban, enterprise and government retirees.

The ministry's chief, Yin Weimin, said in March that a draft would be submitted in the second half of the year to the State Council, the cabinet, for a final decision.
Too bad they didn't revamp the rules during the 7 year bear market.

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