NCSSF official says restrictive rules limit returns
In a keynote speech, Li Keping, a director of the Chinese state pension fund, reflected on the long-term investment challenges facing the country and the need for reform.
The rules governing what Chinese pension funds can invest in are too narrow and hinder efforts to meet the funding challenges of an ageing population, according to one of its top officials.
Echoing calls for the country to liberalise its investment guidelines, Li Keping, who sits on the 15-strong board of the National Council for Social Security Fund (NCSSF), last week outlined some of the issues holding back long-term investing in China.
"When we see China's pension fund i…
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