China PPF mandates to be awarded this year
Mainland provinces are set to sign contracts with the National Council for Social Security Fund, which will hand portfolios to firms approved to run public pension fund assets by late December.
The first batch of investment mandates under China's forthcoming public pension fund (PPF) programme are to be handed out this year, the mainland government announced yesterday (October 25). This is slated to happen as provincial governments sign PPF contracts with the National Council for Social Security Fund (NCSSF).
The selection of asset managers has not yet started, but mainland fund houses believe the NCSSF may appoint external managers within two months of finalising prepar…
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