www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Economy

Mainland pension fund to increase investments abroad

(Agencies)
Updated: 2010-06-18 10:04
Large Medium Small

Chinese mainland's pension fund plans to increase overseas investments in stocks and bonds, including securities in Taiwan, to boost returns as global markets recover from the financial crisis.

The fund also aims to buy stakes in unlisted companies outside the mainland, including firms from Taiwan, Dai Xianglong, chairman of the National Council for Social Security Fund, said in Taipei Thursday. He didn't name targets.

Related readings:
Mainland pension fund to increase investments abroad China pension fund invests $2.2b in ABC
Mainland pension fund to increase investments abroad Pension fund spreading wings abroad
Mainland pension fund to increase investments abroad China's pension fund to grow to 1t yuan in a year
Mainland pension fund to increase investments abroad Pension fund chief: China to further expand overseas investment

"When Taiwan regulations allow, and if there are targets meeting our conditions, we will start investment," he said of potential purchases in private companies in Taiwan. "We will gradually expand our investment" in overseas markets.

Cross-straits ties reached their warmest in 60 years after Taiwan leader Ma Ying-jeou took office in May 2008 and abandoned his predecessor's pro-independence stance, and the two sides have since eased restrictions on investments in each other's banks, brokerages and insurance markets. The mainland pension fund's assets expanded by 38 percent last year to 776.5 billion yuan ($113.7 billion), as a rally in the nation's stock market boosted returns and the government contributed more funding.

The pension fund may also form fund management ventures with Taiwanese partners, Dai said without providing details. Ma's administration has said a trade pact or so-called Economic Cooperation Framework Agreement, or ECFA, may be signed by the end of this month.

Euro, Dollar

The euro will stabilize, Dai said, as European governments' rescue package for Greece eases concerns among investors. The fund will be "very careful" with overseas investments, he told reporters in Beijing on May 21, when asked if the European debt crisis will slow its overseas investments.

The US dollar will remain dominant in the global currency system, although it may weaken over the longer term, Dai said. Chinese mainland's foreign exchange reserves face losses due to the depreciation of the dollar, which likely accounts for more than 60 percent of the mainland's foreign exchange assets, he said in a June 10 speech in Tianjin, according to a transcript on his fund's website posted two days later.

The mainland pension fund's overseas portfolio accounted for about 7 percent of its total investments as of the end of 2009, which compares to a 20 percent maximum it's allowed to spend abroad, Dai said.

The fund's realized investment gains surged 83 percent last year to 42.7 billion yuan, Xinhua reported in January, as China's benchmark Shanghai Composite Index jumped 80 percent. It has committed a combined 7.4 billion yuan of investments in five private-equity funds, Dai told a forum in Beijing May 21.

Total assets of the fund may expand to 2 trillion yuan in 2015, Dai said Thursday.

主站蜘蛛池模板: 一级黄色大片 | 亚洲欧美激情精品一区二区 | 一本综合久久 | 欧美一级一极性活片免费观看 | 国产草草影院 | 亚洲一区二区三区高清 | 台湾黄三级高清在线观看播放 | 综合亚洲欧美日韩一区二区 | 日本特黄网站 | 国产成人永久免费视频 | 亚洲一区欧美一区 | 美女被男人桶到嗷嗷叫爽网站 | 99精品国产在现线免费 | 国产一区视频在线播放 | 久久久久久久岛国免费观看 | 欧美日产国产亚洲综合图区一 | 亚洲不卡在线 | 六月成人网 | 国产亚洲精品国产一区 | 久久91精品国产91久久跳舞 | 中国一级毛片视频 | japanese日本tube色系 | 成人69| 欧美激情视频在线观看一区二区三区 | 亚洲精品91| 欧美精品做人一级爱免费 | 午夜三级国产精品理论三级 | 亚洲视频一区二区三区 | 国产色司机在线视频免费观看 | 久草首页在线 | 欧美日韩美女 | 天干夜天天夜天干天ww | 国产成人一区二区三区高清 | se94se欧美综合色 | 国产欧美日韩在线不卡第一页 | 日本美女一区二区三区 | 日韩欧美一区二区在线观看 | 女人张开腿让男人桶个爽 | 高清不卡一区二区三区 | 国产美女做爰免费视频网址 | 真人一级一级特黄高清毛片 |