日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Markets

Pension fund to ballast stock market

(Xinhua) Updated: 2015-08-25 09:00

BEIJING - China's greenlighting of its pension fund to invest in the stock market failed to lift share prices on Monday, but economists expect the move to make trading less volatile in the long run.

The State Council finalized guidelines on investment of the country's huge pension fund on Sunday, effectively clearing the path for billions of dollars of investment in the country's ailing stock market.

The move came earlier than expected and with the obvious purpose of shoring up investors' confidence and stabilizing the market, said Ren Zeping, an analyst with Guotai Junan Securities.

A draft of the guidelines was released in late June to solicit public opinions, and they were expected to take effect near the end of this year.

China's stock market tumbled more than 11 percent last week, following the release of weak economic data. It continued to spiral downward on Monday, diving 8.49 percent in the sharpest fall since 2007.

Under the new guidelines, up to 30 percent of the pension fund's net assets can be invested in stocks and equities. The fund has assets of around 2 trillion yuan ($326.8 billion) that could be invested, meaning up to 600 billion yuan could theoretically go into the stock markets.

That would be equivalent to around 1 percent of the total market value of Chinese shares currently.

"The scale of the funds is limited and they will enter the stock market gradually, so their short-term impact will be quite small," said Ren.

However, with the gate opened, a sustained, steady flow of pension funds into the market in future will help stabilize expectations and guide investors away from speculation to value investing in the long term, he said.

While institutional investors dominate mature stock markets, 99 percent of stock investors in China are individuals. These mom-and-pop investors tend to speculate and sell and buy more frequently to earn quick money, making the Chinese stock market more volatile than those in developed countries.

Chinese shares have been on a roller-coaster ride this year, rising by nearly 60 percent from the beginning of the year to a peak in June before free falls from mid-June to early July wiped off most of its gains this year.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产高清xxxsexvideo | 12av毛片| 成人全黄三级视频在线观看 | 成人久久免费视频 | 日韩欧美一区二区视频 | 奇米影视四色中文字幕 | 国产欧美日韩综合精品一区二区 | 久久精品国产免费看久久精品 | 污的视频在线观看 | 91高清视频在线免费观看 | 日韩中文字 | 欧美在线观看视频网站 | 国产精品久久久久久久久久久久 | 国产电影精品 | 十六以下岁女子毛片免费 | 久草网在线| 欧美一级在线观看视频 | 久久爱综合网 | 日韩视频观看 | 日本毛片免费看 | 日操夜操天天操 | 黄瓜av| 国产手机在线αⅴ片无码观看 | 日韩亚洲视频 | 中文字幕在线免费观看 | 亚洲成人网在线观看 | 国产精品久久久久免费 | 欧美大片欧美大片 | 精品亚洲成人 | 欧美视频三区 | 久久青草精品免费资源站 | 午夜资源在线 | 91精品国产91久久久久久 | 国产精品日韩 | 精品欧美亚洲韩国日本久久 | 999宝藏网 | 欧美国产精品一区二区 | 免费在线成人 | 亚洲精品一区二区三区在线看 | 成年网站视频在线观看 | 欧美日韩视频网站 |