综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Social Security fund inks deals with Northern Trust, Citigroup

(Xinhua)
Updated: 2006-10-10 13:46

China's National Council for Social Security Fund (SSF) on Monday signed deals in Beijing with two global investment trustees to help its upcoming overseas investment operations.

The SSF Council started to seek global investment trustees at the end of April, and Northern Trust Corporation and the Citigroup Inc. both from the Unites States were selected.

Although specific overseas investment quota has not been announced, Xiang Huaicheng, Chairman of the Council, said here on Monday that the fund's move to invest overseas will avoid risky investments.

The SSF Council was approved by the Chinese government to use part of its total assets for overseas investment on May 1.

Financial experts believed that overseas investment operations will help the SSF explore more investment opportunities, diversify investment risks and maintain and increase the value of the fund.

The fund was set up in 2000 by the Chinese government as its strategic reserve for its aging population, and its total assets were valued at 201.02 billion yuan (25.1 billion U.S. dollars) by the end of 2005.

The fund mainly comes from budgetary allocation from the Ministry of Finance as well as revenues from the sale of shares of State-owned firms listed overseas.

Northern Trust Corporation is a leading provider of asset and fund administration, investment, management, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide.

As of March 16 of this year, Northern Trust was approved by China's banking watchdog, the China Banking Regulatory Commission (CBRC), to open its first branch office in the Chinese mainland.

The Citigroup Inc. now has six corporate bank branches namely in Beijing, Shanghai, Tianjin, Chengdu, Guangzhou and Shenzhen.

The bank has also opened 12 consumer bank outlets in the Chinese mainland, with 2,600Chinese staff. In August 2006, the Citigroup received a Qualified Domestic Institutional Investor (QDII) license.

The license will enable Citigroup to make international investments on behalf of Chinese companies and individuals.

The bank also received approval to offer custodian services to banking institutions in China that are qualified to provide overseas wealth management services under the QDII program.


(For more biz stories, please visit Industry Updates)

 
 

登封市| 延寿县| 漳浦县| 屯留县| 东平县| 浏阳市| 塘沽区| 五指山市| 竹溪县| 临汾市| 枣阳市| 葫芦岛市| 富阳市| 英山县| 博客| 二连浩特市| 尚志市| 宣威市| 刚察县| 凤冈县| 石阡县| 德清县| 鲁甸县| 柘城县| 湖北省| 山阳县| 延长县| 和顺县| 哈密市| 富民县| 衡山县| 渭南市| 新源县| 改则县| 柏乡县| 白朗县| 商洛市| 太保市| 扎赉特旗| 浏阳市| 大埔县|