China expands its source of investment in the stock market. The government recently gave the green light to pour the massive pension fund into shares.
Only 30-percent of any pension fund can be invested in the market and China’s Social Security Ministry and the Ministry of Finance will monitor the investments.
According to official data, the amount of pension funds in China is about 580-billion dollars.
John Allison joined CCTV America to provide his insight on the Chinese and global stock markets. He is the CEO of Unio Capital.
John Allison on Chinese and global stock marketsJohn Alliston joined CCTV America to provide his insight on the Chinese and global stock markets. He is the CEO of Unio Capital.
Dan McClory on China’s pension reform
For more on this pension reform, and what it means for China’s markets and economy CCTV American spoke with Dan McClory. He’s a managing director and Head of West Coast Investment Banking for Burnham Securities.