Home China Headline Pension fund options rise

Pension fund options rise

China has authorized the country's corporate annuity managers to invest in the inter-bank debt market as part of broad efforts to boost capital returns and shore up the bond sector. The move will allow each company to open 10 accounts for corporate pensions on the inter-bank bond bourse, the People's Bank of China said in a Website notice late Wednesday. China's inter-bank market, which is open to about 6,500 institutions such as banks and brokers, held 8.4 trillion yuan (US$1.09 trillion) worth of tradable debt at the end of last year, the central bank said in a separate statement. Turnover totaled 38.4 trillion yuan on the bourse in 2006, it said. Products traded include treasury bills, central bank bills, corporate debt, short-term bills, asset-backed securities and yuan bonds issued by foreign development agencies. Trackback(0) TrackBack URI for this entry Comments (0) Subscribe to this comment's feed Show/Hide comments Write comment Show/Hide comment form Name Email Website Title Comment Write the displayed characters Add Comment Copyright 2007. All Rights Reserved.

 

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