China widens annuities asset options, adds HK access
The country is letting its annuities retirement funds invest more capital into onshore equities and, for the first time, Hong Kong assets.
Chinese enterprise and occupational annuities funds have been permitted to invest up to 40% of their investment portfolio into equity assets and invest into Hong Kong-based assets, according to new rules released by the Ministry of Human Resources and Social Security (MOHRSS) in China, effective January 1.
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