New NCSSF chairman facing major challenges

The new chairman of China’s state retirement fund will need all of his considerable investment and leadership experience, given the daunting tasks ahead. These include helping oversee public pension reform (PPF) in the world’s most populous country and delivering an acceptable return amid notoriously high expectations. Lou Jiwei has left his role as Chinese finance minister to become chairman of the National Council for Social Security Fund (NCSSF), with Rmb1.9 trillion ($276 bill…