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| Friday, October 10, 2008 21:03:27 |
Pension fund may win IPO allotments
China’s pension fund is set to receive 10% of the stock of all state-owned companies going public from the end of 2007, the China Securities Journal reported, citing unidentified sources. The fund currently receives a slice of proceeds from share offerings rather than an actual share allotment, which means it misses out on any trading gains. However, ...
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