Chinese stock market is nearing the bottom

Discussion in 'Wall St. News' started by ASusilovic, Dec 21, 2011.

  1. SHANGHAI (MarketWatch) -- China's national pension fund, the National Council for Social Security Fund, has injected CNY10 billion into the domestic stock market through other funds cleared Friday to manage the investment, the Shanghai Securities News reported Tuesday, without citing sources.

    Currently, there are 16 fund companies that have received approval to manage funds on behalf of the national pension fund, the paper said.

    The move by the national pension fund comes as the stock market is nearing the bottom, indicating that the value of long-term returns have emerged, the paper said, citing an unnamed domestic fund manager.

    Newspaper website:
  2. only 1,200 points to go
  3. ?....??.... ! ...... Suss, you know how this is going to play out. :p :eek: :D :cool: