China's social security fund to triple offshore investment
The country's largest pension fund plans to raise its exposure to foreign investments, private equity and social-security housing, backed by its $1 trillion-and-growing cash pile.
China's National Council for Social Security Fund (NCSSF) plans to increase its overseas investments from 7% of its portfolio to 20%, while its assets under management (AUM) is set to grow to Rmb1 trillion ($152 billion) by the end of this year and Rmb1.5 trillion by 2015.
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