Regulator says more shares should be offered to China's pension fund

The mainland securities regulator yesterday called for up to half the shares of state-owned enterprises going public to be allocated to the nation's pension fund.

Central and local governments are now required to transfer 10 per cent of the initial public offering of such enterprises they control to the pension fund, which is a major institutional investor in China's stock market.

via Business feed http://www.scmp.com/business/economy/article/1093409/regulator-says-more-shares-should-be-offered-chinas-pension-fund