Liu Yongfu, deputy minister of labour and social security, said that a proportion of China's social security funds would be invested in the capital markets this year, Business Weekly reported. Until now, the funds, worth about Yn300bn, have been invested in bank deposits and treasury or corporate bonds, but about 40 per cent of them would be invested in stock markets to increase the rate of return and better provide for China's ageing population. The National Social Security Fund Council selected six domestic fund management firms in December and is expected to choose six more in May this year. However, the timing of its entry to the markets has yet to be decided.
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