Weekly roundup of people news, April 18

Beijing will likely require asset owners play a bigger role in ESG investing as part of broader sustainability plans when it announces its five-year plan later this year, according to KPMG.

The desire of companies in the country to switch from defined benefit to defined contribution pensions is throwing up challenges for savers.

Australian super funds get called out for investing in and voting with shareholder proposals by fossil fuel companies; US senator calls for firing of Calpers CIO over his China ties; China's finance ministry to shift 10% of its holding in China Life's parent to NSSF; Life Insurance Corp of India's equity investing slides; Korea's NPS boasts 11% annual return in 2019 and more.

The latest multifamily housing investment with California pension fund brings desired diversification to the Korean asset owner’s real estate portfolio, its CIO says.