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BEIJING - China's non-financial outbound direct investment (ODI) maintained steady growth in the first eight months of the year, official data showed Tuesday.

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 has made remarkable progress in opening up its financial sector and will continue to expand opening-up of the sector, the central bank said.

BEIJING - China's central bank on Friday injected 149 billion yuan (.7 billion) into the market via medium-term lending facility (MLF) to maintain ample liquidity.

BEIJING - China's National Development and Reform Commission (NDRC) said Friday that it will reform the wholesale pricing mechanism of natural gas for residential users.