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Under discussion in Beijing is a plan to allow local governments to invest a portion of the...

Under discussion in Beijing is a plan to allow local governments to invest a portion of the nearly $312B in pension funds in the stock market. Current rules allow the money to only be parked in bank deposits or government paper. Give the Chinese credit - stocks in Shanghai are near 3 year lows. Governments typically only get interested in buying equities during (and likely at the end of) major bull markets.
Comments (4)
  • Waav. That will surely push the Shangai indexes higher.
    21 Dec 2011, 10:30 AM Reply Like
  • Hindsight dictates that they will be much smarter than North America and Europe where loose rules, lousy advisers that get paid regardless of the investor making money, and Mutual Funds have more or less ruined peoples pensions.
    21 Dec 2011, 11:09 AM Reply Like
  • Oh yes... I'm the great....pretender,
    Pretending that I'm doing well.
    My need is such, I pretend too much,
    I'm lonely, but no one can tell!
    http://bit.ly/vpO4BL
    21 Dec 2011, 11:17 AM Reply Like
  • China tends to be good at buying at the lows when the US is freaking out. Instead of chasing copper prices higher, China pauses so that the western world will freak out about China demand dropping. Then they step back in at lower prices.
    21 Dec 2011, 03:55 PM Reply Like
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