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National pension fund registers 9.99% gains in H1
(Xinhua)
Updated: 2009-07-11 13:56 The National Council for Social Security Fund (NSSF) has made a profit of 51.2 billion yuan ($7.53 billion), or 9.99 percent gains, from equity investment in the first half this year, said its chairman Dai Xianglong.
On June 22, the State Council, China's Cabinet, ordered 131 State-controlled companies that have listed on domestic stock exchanges to transfer up to 10 percent of the shares issued in the initial public offerings to the NSSF. The fund has accumulatively generated 211 billion yuan in investment yield, with annual earnings rate being 9.63 percent, said Dai. (For more biz stories, please visit Industries)
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