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China will allow more of the country’s annuity funds to be invested in the stock market, unleashing as much as 300 billion yuan ($45.9 billion) of additional long-term money into the capital markets of the mainland and, for the first time, Hong Kong.
The Ministry of Human Resources and Social Security increased the proportion of the country’s annuity funds authorized for investment in equity assets to as much as 40 per cent from 30 per cent previously, the ministry said in a policy circular.
The increase puts the equity investment ceiling . . .
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