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.

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

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