Funds News
- Social security fund invests in rail project
Date: 11-Sep-2007 Sources: (Shenzhen Daily)
THE National Council for Social Security Fund, one of China's biggest institutional investors, will invest 1 billion yuan (US$132.8 million) to finance the construction of two urban rail transit lines in Beijing.
Key infrastructure projects are safer since they are backed by the government, an unnamed official with the fund was cited as saying by Xinhua over the weekend. The investment was signed Thursday among the fund, Beijing Infrastructure Investment Co. and China Ping An Trust & Investment Co.
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