Fund stake secures firms' reputations

SHANGHAI: The annual results reporting season has by now begun in earnest. But this time, investors have one more item to watch for other than bottom lines, cash flow charts and auditors' comments.

That item, touted by analysts and investors as sort of a seal of approval, is the name of China's National Social Security Fund on the list of major shareholders.

The fact that a company is deemed fit for investment by the custodian of the savings of millions of Chinese working people speaks volumes about the quality of the business and its management, analysts said.