Certainly noticed that while we in the U.S. fight to keep Wall Street's hands off Social Security, the Chinese government just authorized the state pension fund to put 30% of its funds in stocks and derivatives.
BBC News, Aug. 23, 2015: China plans to let its main state pension fund invest in the stock market for the first time, the country's official news agency, Xinhua, has reported. Under the new rules, the fund will be allowed to invest up to 30% of its net assets in domestically-listed shares. The fund will be allowed to invest in a range of market instruments, including derivatives. From http://www.bbc.com/news/business-34033208 _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
