1. China's social security fund (SSF) is looking for investment opportunities in alternative assets in a bid to prevent investment risks efficiently, said Wang Zhongmin, vice chairman of the National Council of Social Security Fund (NSSF). At present, assets totaling 1.8 trillion yuan are managed by the SSF and there are about two trillion yuan of pension funds managed by local governments, said Wang.
2. China's 24 listed securities dealers released their financial reports for October, showing their net profits reached 10.305 billion yuan in October, up 74.25 percent month on month. According to company filings, the 24 securities brokers generated operating turnover of 22.883 billion yuan during the period, up 39.34 percent month on month. The month-on-month growth of listed securities dealers' profits in October were mainly due to the recovery of the A-share market.
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