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Article featured in Business Beijing, May 2007
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Number

2007/04/27

100 billion yuan

Social Security Fund, the nation's largest pension fund, will have more than 100 million yuan (US$13 billion) to invest in 2007, according to Xiang Huaicheng, chairman of the National Council for Social Security Fund (SSF), the China Economic Weekly reported.

The SSF will balance its investment portfolio among mainland A shares, Hong Kong's H shares and overseas stocks, he said.

 

1.1 trillion yuan

Sales of China's software industry are expected to reach almost 1.1 trillion yuan (US$143 billion) in 2010, according to the Ministry of Information Industry (MII).

Exports of the software industry will grow by 28 percent annually to US$12.5 billion in 2010.

The MII said that by 2010 China will have 10–15 major software firms that will each have annual sales of 10 billion yuan (US$1.3 billion).

 

     5 percent

The People's Bank of China, the central bank, is expected to raise the required reserve ratio of foreign-currency deposits from 4 percent to 5 percent as of May 15, the China Securities Journal quoted sources as saying on May 9.

At the end of March, Chinese financial institutions held US$165 billion in foreign currency deposits. To meet May's new reserve ratio, the banks are required to hold an extra US$1.65 billion.

 

     78.1  percent

Earnings per share for 1,364 Chinese-listed companies soared by 78.1 percent year-on-year to a weighted average of 0.098 yuan (1.3 US cents) in the first quarter, the China Securities Journal reported on May 8.



 
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