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Home arrow News & Interviews arrow News June 2008 arrow China Pension Fund to Invest in Private Equity Funds
China Pension Fund to Invest in Private Equity Funds PDF Print E-mail
 

By Wayven Pienaar, on 06-06-2008

Published in : The News, News June 2008


The National Council for Social Security Fund (NSSF) has been given the green light to invest 10 per cent of China’s national pension fund in private equity funds.

 

The country’s pension fund currently totals USD74 bn in assets managed by the NSSF. Of that, USD7.4 bn has been cleared to invest in private equity funds or industrial funds this year. The NSSF have called on fund management companies to submit bids on managing funds in five equity asset categories, media reports.

NSSF Chairman Dai Xianglong managed China's first private equity fund in 2006, when he was the mayor of Tianjin, where the fund is based.


Last update : 06-06-2008

   
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Keywords : Pension, Social Security, Fund, Investment, Tianjin,


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