Pension fund spreading wings abroad
The Social Security Fund (SSF), the nation's largest pension fund, is planning aggressive investments on overseas markets including private equities, Dai Xianglong, the chairman of the National Council of the Social Security Fund, said on Monday: "The SSF is keen on expanding its overseas footprint through its investments in stocks, bonds as well as new avenues like private equities, and the fund can invest as much as 20 percent of its total assets abroad."

Toyota agrees recall compensation for Chinese car owners
Toyota yesterday promised to compensate car owners in east China's Zhejiang Province for the latest recall in the first such compensation package of its kind in China. A delegation from Toyota agreed after talking with the authorities of east China's Zhejiang Province to compensate local customers and repair their vehicle by the end of April. The agreement did not reveal the amount of compensation, leaving Toyota's maintenance stations across the province to negotiate with consumers according to individual situations.

China economy expected to grow 12% in Q1
China's economic growth will reach 12 percent this quarter, a government researcher said in remarks published yesterday. Later, Yu Bin, the head of macroeconomic research at the State Council Development Research Center, said the Chinese economy's growth rate is thought to slow down starting in the second quarter.

Over 30% HK Firms Plan to Boost Investment in Mainland
Every three in ten Hong Kong enterprises have plans to increase their investment in the Chinese mainland in the next two years, according to a HSBC survey released on Monday. The survey, conducted in the first two month of 2010, covered over 1,000 Hong Kong enterprises in different economic sectors. About 50 percent of those polled have already started business in the mainland market, with the majority of them involved in equipment, construction materials, garments and textile industries.