Party secretary Dai Xianglong expects China's National Social Security Fund to more than quadruple assets by 2020. The market is forecasting it will outsource more to foreign firms.
Tag : dai xianglong
In a bid to boost returns, China's national pensions body is ramping up domestic PE investment, with nearly $5 billion to be allocated this year.
The chairman of China's National Council for Social Security Fund says the government's holdings in state-owned enterprises are too big, and he offers a solution.
Dai Xianglong tells a forum the social security fund will raise its private equity investment heavily over the next three years after PE accounted for 70% of its total return in 2011.
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.
The National Council for Social Security Fund is inviting domestic investment funds and securities firms to apply to manage its growing assets for the first time in six years.