About 10 billion yuan ($153.5 million) from China's social security fund could be invested in shares on the secondary markets as soon as Friday, according to a media report on Thursday.
Various amounts have been allocated to "more than a dozen" domestic fund managers, including China Southern Asset Management, Bosera Funds and China Asset Management, xinhuanet.com reported.
Analysts said such social security fund investments tend to happen each year, but this year's allocations have been made a little earlier than usual, which can be seen as an indication that now is the time to invest, according to the report.
The social security fund investment is closely watched by investors because of its large scale and good record.
