Pension fundÆs role expands as China reacts to crisis

The $90 billion Social Security Fund (SSF), ChinaÆs young pension fund of last resort, is likely to see assets grow to $150 billion by 2010, as Beijing nurtures it as part of a long-term restructuring of the economy to support consumer demand.Dai Xianglong, chairman of the National Council for Social Security Fund, which oversees the SSF, says the credit crisis has increased the need for pension reform. The system, which comprises several arms including the SSF, is viewed by the Commu…