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China's pension funds will be ready for investment in stocks and equities1 in 2016 after the government set rules to regulate the change.
The Authorities are reportedly working on how best to transfer and allocate2 funds to authorized3 institutions for investment.
China's cabinet, the State Council, finalized4 guidelines in August allowing pension funds to invest in higher-return products, including stocks and equities.
That means around 2 trillion yuan , or some 315 billion U.S. dollars can be invested.
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1 equities | |
普通股,股票 | |
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2 allocate | |
vt.分配,分派;把…拨给;把…划归 | |
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3 authorized | |
a.委任的,许可的 | |
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4 finalized | |
vt.完成(finalize的过去式与过去分词形式) | |
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