CRI听力:China Broadens Investment Scope for Social Security Fund
China's cabinet has announced that it will broaden the investment scope of the nation's social security fund.
The move will allow the fund to invest in local government bonds and corporate bonds.
The maximum share of investment on these two kinds of bonds will be raised to 20 percent from 10 percent.
The fund's direct equity investment will be allowed in centrally-administered enterprises and their subsidiaries, as well as credit-worthy private firms.
Meanwhile, the upper limit of the fund's trust loan investment will be raised to 10 percent from 5 percent, with orientations toward projects such as affordable housing and municipal infrastructure.
The government will also allow the fund to directly invest in interbank certificates of deposit and manage such investment as bank deposits.
For more on the overall health of China's social security fund,the Beijing Hour's Paul James earlier spoke with CRI's Financial Commentator Cao Can.
相关文章
- CRI听力:Myanmar youth reap rewards from China-Myanmar cooperative projects
- CRI听力:Guardians of the Belt and Road dedicate prime years in Myanmar
- CRI听力:"Dedicate yourself and you will win," says young entrepreneur
- CRI听力:Macao martial arts champion shines in fashion world with Chinese style
- CRI听力:Perseverance and passion make a difference, young athlete from Macau
- CRI听力:Young girl from Macau becomes social media influencer
- CRI听力:Piano prodigies perform at the Beijing premiere of "The Legend of 1900"
- CRI听力:CIIE 2019: A good opportunity to engage with Chinese market and consumers
- CRI听力:Kris Wu shoots a short film, starring Asian teen model
- CRI听力:CIIE 2019: A good opportunity to engage with Chinese market and consumers
手机网站