National Social Security Fund
Country: China
Established: 2000
US$ Billion: 74
Origin: Non-commodity
Transparency Rating: 5
Summary:
Established in August 2000, the Central Committee of the Communist Party and State Council decided to create the National Social Security Fund (NSSF) which is to be administered by the National Council for Social Security Fund (SSF).
This reserve fund is mainly funded by capital and equity assets derived from reduction of state-owned shares, fiscal allocation of the central government, and other investment proceeds. The SSF which manages the fund is a government agency on the ministerial level directly under the State Council of the People's Republic of China
Strategy & Objectives:
The NSSF invests domestically however, they are beginning to invest in emerging market economies and Europe. They also plan to allocate up to 20% of the fund into foreign investments usually through external money managers rather than taking direct stakes. In addition, the fund is now allowing investments into private equity, similar to that of the China Investment Corporation.
News and Updates
8/26/2008
China's pension fund in talks on private equity fund launch
China's national pension fund is in talks with CITIC Capital Holdings to set up a private equity fund worth up to five billion yuan (730 million dollars), state media reported Wednesday.
The National Social Security Fund has not finalized how much it will invest in the fund, the China Business News reported, citing an unnamed source. It did not specify which other investors might be involved.
read more: AFP
Location
Mailbox No.2, South Tower, Fortune Time, Building 11,
Fenghuiyuan, Xicheng District, Beijing, P. R. China, Post Code: 100032
Website
National Council for Social Security Fund for The People's Republic of China
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
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