CRI听力:China Expands Investment Scope of Social Security Fund
2015-04-02来源:CRI
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The State Council, China's cabinet, has announced plans to expand the investment scope of its 200-billion U.S. dollar social security fund.
As part of the plan, the plan is to expand the portfolio to allow the purchase of more local government debt and shares in state-owned companies.
Investment limits for corporate and local government debt purchases are being increased from 10 to 20 percent.
The investment limit into trusts will be increased to 10 percent from 5 percent.
For more on the overall health of China's socialy security fund, we're now joined live by CRI's Financial Commentator Cao Can.
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