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BEIJING - China's local governments have entrusted more of their basic pension funds for more diverse, higher-return investments as the country tackles the challenge of an aging society, an official said Friday. By the end of June, eight provincial-level regions had signed contracts to entrust a total of 410 billion yuan (about billion) in pension funds to the National Council for Social Security Fund (NCSSF), Lu Aihong with the the Ministry of Human Resources and Social Security told a news conference. Of the total, 172.2 billion yuan of pension funds had been transferred for investment, with the rest to be in place in line with the contracts, Lu said. The eight regions are the cities of Beijing and Shanghai, Henan, Hubei, Guangxi, Yunnan, Shaanxi and Anhui provinces. More regions will join at a later stage, according to Lu. An evaluation system on investment performance will be established, while information transparency will be enhanced, Lu said.
BEIJING - China's banking sector reported growing domestic assets and debt in 2017, official data showed Thursday.
BEIJING - Chinese property developers saw higher concentration ratios last year as fewer companies took larger shares of the once-overheated sector amid industry consolidation, partly due to tightening government regulations.
BEIJING - China will scrap share-holding limits in the shipbuilding and airplane manufacturing sectors for foreign investors this year, the country's top economic planner said Tuesday.
BEIJING - China's steel production is set to decline significantly in the latter half of 2019 after reaching a record high in the first half, Fitch Ratings says in its latest report.
来源：资阳报