NSSF expects AUM surge, overseas mandates tipped
Party secretary Dai Xianglong expects China's National Social Security Fund to more than quadruple assets by 2020. The market is forecasting it will outsource more to foreign firms.
The ex-chairman of China’s NSSF pension fund has forecast it will more than quadruple assets under management by 2020 amid market expectations it is set to outsource more to foreign firms.
Speaking at the annual Boao Forum for Asia conference in Hainan this weekend, Dai Xianglong suggested that the National Social Security Fund (NSSF) could see its AUM surge to Rmb5 trillion ($806 billion) over the next seven years, from Rmb1.1 trillion at present.
He reasoned that as the strate…
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