China's Social Security Fund lays groundwork for global private equity
The $240 billion fund is lobbying its regulators to allow it to invest in global alternative investments, but timing is a mystery.
China’s National Council for Social Security Fund (NSSF), which manages the country’s $240 billion Social Security Fund, is preparing for the day when it will be allowed to invest in global alternative investments.
Vice chairman Li Keping says the NSSF has been lobbying its two regulators -- the Ministry of Finance and the Ministry of Human Resources and Social Security -- for permission to tap global alternatives, notably private equity and domestic real estate.
Although there is no…
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