Every state-owned company that has listed in China since 2005 must transfer stock equal to 10 per cent of the shares offered to the National Social Security Fund, according to a weekend government edict.
A similar requirement already covers listings of Chinese stateowned companies in Hong Kong and has made the state fund the largest institutional investor in the city's stocks.
The fund had lobbied for years to have the policy extended to companies listing on exchanges in Shanghai and Shenzhen to shore up fund assets as the share of the population over retirement age grows due to the government's one child” policy.
您已閱讀47%（619字），剩余53%（698字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。