As much as 300 billion yuan ($45.5 billion) in pension funds are expected to march into the stock market in August, as China's huge social security fund is closing up its hiring by June, Securities Daily reported on Wednesday.
State Council approves regulation allowing national fund to manage local surpluses
China will take strict precautions and hard actions against illegal fund-raising, the central government said, after an online peer-to-peer platform was found to swindle investors out of billions of dollars.
Alibaba on Thursday launched two nonprofit venture capital funds to help startups in Hong Kong and Taiwan.
Media and entertainment investment fund China Media Capital (CMC), together with industry players including Disney, have invested 65 million U.S. dollars in Jaunt, a company pioneering cinematic virtual reality (VR).
China's greenlighting of its pension fund to invest in the stock market failed to lift share prices on Monday, but economists expect the move to make trading less volatile in the long run.
China's State Council published the final guideline on investment for the country's massive pension fund on Sunday, effectively opening the gate for its investment into the stock market.
Croatia to set up first venture capital fund encouraging innovation
The Brazilian Senate has approved the creation of the BRICS Bank and confirmed a treaty on creating a contingency fund for the bloc, local media reported on Monday.
The Chinese government on Tuesday unveiled a guideline on management of a fledgling railway development fund to attract private investment into the railway sector.
U.S. President Barack Obama on Wednesday ratcheted up pressure on Congress to authorize some 3.7 billion U.S. dollars in fund to deal with the recent influx of undocumented child immigrants from Central America.
China will intensify a crackdown on illegal fund-raising activities after an increase in such practices last year, a senior legal official said on Monday.
Currency fund Tianhong Zenglibao has become the first fund in China to hit 100 billion yuan (16.30 billion U.S. dollars) of sales thanks to its cooperation with Yu'ebao, Alibaba's wealth management product.
Alibaba's latest takeover of Chinese fund management firm Tianhong will inject new vitality into China's online finance market, analysts believe.
Vietnam Social Security Fund (VSS) could start having deficits by 2021 and experience depletion by 2034 if no reforms are made, said a report by the International Labor Organization (ILO) launched here Thursday.
China Securities Journal reported on Monday that the exact date hasn't yet been decided, as it takes time to get feedback from supervision departments and finish system tests between Taobao and fund companies.
Taobao.com, China's leading online shopping platform, has delayed the sale of fund products until late September at the earliest, Monday's China Securities Journal reported.
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