In light of the current preliminary scheme put forward by potential investors, the biggest obstacle confronting the pension fund’s injection into the capital market is that the fund is currently scattered in numerous accounts and held by over 2,000 organizations.
Integrating the capital into one account and bringing it under the management of a single national investment agency will prove difficult.
One industry insider stated that even if the government accomplishes the task through wielding its administrative power, trouble may still loom over the distribution of the unified account’s proceeds in the future, because the balances in individual pension accounts differ by region.
Editors’ Picks »
- 1China to Cut Reserve Ratio for Some Rural Banks
- 2China M2 up 12.1Pc, Outstanding Yuan Loans 13.9 Pc in March
- 3Delayed Response to Tainted Water Raises Concerns
- 4China's FDI Inflow down 1.47% in March
- 5China's MMG to Acquire Las Bambas
- 6China’s Rare Earth Exchange Begins Trading Following WTO Ruling
- 7Alibaba’s Q4 Net Income More than Doubles Ahead of IPO
- 8China Trade Fair Shadowed by Weak Exports
- 9Embassy Says 2 Chinese Nationals Aboard Capsized S.Korean Ship
- 10South Korean Ferry Sinks off South Coast