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 : nssf
Handing 30-50% of Chinese listed state-owned entities' equity to the country's National Social Security Fund would be too aggressive a move, says consultancy Z-Ben Advisors.
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.
The NSSF is to sign an investment mandate with the Guangdong government to manage Rmb100 billion in public pension assets. It marks a first step to much-needed reform.
The $131 billion social security fund is expected to increase private equity investments and to look offshore after domestic market volatility reduced its 2010 returns to 4%.
As the fund nears the Rmb1 trillion mark, it is looking at ideas to boost performance, from amending asset allocation to creating a new subsidiary for investing.
ChinaÆs largest pension reserve fund is committing 10% of its AUM, or around $7.3 billion, to domestic private equity investments.
The successful fund managers will be benchmarked against the MSCI China, MSCI All Country Asia Pacific ex-Japan, MSCI Emerging Markets, MSCI Europe, and MSCI World indices.
ChinaÆs National Council of Social Security Fund will raise its stake in private equity this year as total assets under management reach the Rmb500 billion mark. The fund aims to double in size by 2010.
Allianz Global Investors says Taiwan, China and South Korea will be the fastest growing markets in the coming decade.
AsianInvestor magazine announced China's National Council for Social Security Fund is its Institutional Investor of the Year at its annual awards dinner Friday night.