China’s NCSSF to get further $19bn of provincial assets

China’s National Council for Social Security Fund is in talks with the authorities in Shanghai and Sichuan province about transferring more pension assets to it in order to help improve returns as the ageing country edges towards funding its pension system on a more sustainable basis. Whether some of that money ends up being managed externally, however, remains unclear.  Shanghai plans to increase its entrusted assets with the state pension fund administrator by Rmb30 billion ($…