Asset Owners

NSSF mulls further private equity allocations

By Liz Mak | 15 April 2008
Keywords: nssf

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China’s 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.

China’s National Council of Social Security Fund (NSSF) says it has achieved a realised gain of 38.7% or Rmb145.3 billion ($20.8 billion) on its investments in 2007. Its total asset size is now Rmb516.2 billion ($73.8 billion).

The fund’s management committee has also announced a restructuring of its executive posts. The change of leadership has come as the last committee’s second term expired. The current management on the fund’s third term includes a total of 21 executives.

Dai Xianglong, the mayor of Tianjin and mastermind behind the ‘Through Train’ programme, was ...

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