The NSSFÆs take on renminbi convertibility

Last week in Bangkok, at the annual Asia-based conference of the Pacific Pension Institute, which brings together public plan sponsors from Asia and North America, Dai Xianglong, chairman of China's $82 billion National Council for Social Security Fund (NSSF), discussed the renminbi from an investor's perspective. Earlier that day, Fred Hu, chairman of Goldman Sachs's Greater China business, had responded to a question (from AsianInvestor) regarding the conditions under which China w…