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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

China firms to move some state shares to National Fund

Posted on 23 June 2009

From Dow Jones: China said Friday it will ask the state pension fund to take over some state-owned shares in domestically listed companies and mandatorily hold them for a longer period, in an apparent move to support a stock market that has been one of the world’s best performers this year.

The decision came just a day after the authorities cautiously reopened the floodgate of initial public offerings after a nearly year-long suspension by allowing the listing of a small medicine firm……..Full Article: Source


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