Xinhua over the weekend:

  • China plans to let its main state pension fund invest in the stock market for the first time
  • Under the new rules, the fund will be allowed to invest up to 30% of its net assets in domestically-listed shares
  • The move is the latest attempt by the Chinese government to arrest the slide in the country's stock market.
  • The fund will be allowed to invest not just in shares but in a range of market instruments, including derivatives. By increasing demand for them, the government hopes prices will rise

via BBC