|
|
Article: CHINA SOCIAL SECURITY FUND TO BENEFIT FROM GEB IPO SPREE
- Article from:
- AsiaInfo Services
- Article date:
- September 25, 2009
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
AsiaInfo Services
09-25-2009
China Social Security Fund to Benefit from GEB IPO Spree
BEIJING, Sep 25, 2009 (SinoCast Daily Business Beat via COMTEX) -- China's National Social Security Fund (NSSF), the country's CNY 563 billion pension fund, is expected to benefit from the upcoming initial public offering (IPO) spree on the Growth Enterprise Board (GEB).
State-owned shareholders of companies seeking IPOs are supposed to hand over their shares equivalent to 10% of the IPOs to the national pension fund when offerings kick off, said the Ministry of Finance (MOF) and the China State-owned Assets Supervision and Administration Commission (SASAC) in a statement this June.
IPO prospectuses ...