Pension fund investment to be diversified

The Ministry of Labor and Social Security (MLSS) and the Ministry of Finance (MOF) have jointly proposed new rules on the investment of individual pension fund accounts Information Times reported (in Chinese). The regulations, which will be submitted to the State Council for review, would expand the range of investments open to individual pension fund accounts to lower-risk and more profitable financial products. The nominal interest rate of China's pension fund is 2.18%, meaning that it has depreciated in real terms as inflation has stood at 2.22% in recent years, said Chen Liang, the head of the MLSS' pension fund supervision department.