First China PPF mandates herald NCSSF diversification push
The public pension fund scheme is set to see its investment scope widened to include private and foreign markets, as asset managers are about to receive their first equity allocations.
The National Council for Social Security Fund (NCSSF), which manages China's state pension assets, is poised to hand out the first equity mandates on behalf of the country's new public pension fund (PPF) scheme, reports state media.
And the move to is set to herald the start of a broader diversification drive, AsianInvestor can reveal.
The government is also thinking about expanding the PPF's investment scope to private and overseas markets, said a senior researcher at the Minis…
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