Eligible asset managers must submit applications by October 31 under the new public pension fund scheme, with the chosen firms to be announced by the end of the year.
Proposed new rules for China’s state pension fund point to more flexibility over what it can invest in when it comes to foreign and private equity assets.
AsianInvestor highlights the 25 most influential women who are shaping the asset management industry in Asia.
The public pension fund reserve saw AUM top Rmb1 trillion after a local government mandate and healthy returns. If it continues to diversify, it's expected to raise mandated assets.
Only private equity investments keep China's social security fund in the black, with a return of 0.8% for 2011 and plunging income.
China’s social security fund aims to plough up to Rmb250 billion into state-owned enterprises and private-equity funds to support the real economy.