China stocks edge up on expansion of pension fund's investment scope

April 2, 2015 7:17 AM

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SHANGHAI, April 2 (Reuters) - China stocks rose on Thursday, with sentiment boosted by news that Beijing is expanding the investment scope of country's 1.2 trillion yuan ($194 billion) social security fund.

The government announced late on Wednesday that the fund, which backs China's pension system, will be allowed to buy more local government debt, investment trusts and shares in state-owned companies.

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