China's central bank on Wednesday issued new rules allowing enterprise annuity funds to be invested in the interbank bond market.
The central bank said on its Web site, www.pbc.gov.cn, that the move was aimed at spurring growth of the market and providing new investment options for managers of annuities. Enterprise annuities are a recently introduced, voluntary corporate pension scheme similar to the 401k plans that dominate corporate retirement planning in United States.
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