China’s NSSF Gets Nod To Invest In Stocks

China’s national pension fund has received permission to infuse more than $1.56 billion into the stock market.

China’s national pension fund has received permission to infuse more than $1.56 billion into the stock market, The Wall Street Journal reports, citing Securities Times. The clearance was accorded by the National Council for Social Security Fund. The funding will come from the public welfare fund component. The timing of the investment has not been disclosed.

Click here for the story from The Wall Street Journal.

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