Equities lift China’s Social Security Fund return to 11-year high

China's Social Security Fund (SSF) recorded its highest total return in 11 years in 2020. A figure of RMB378.6 billion ($58.4 billion) represents a return rate of 15.8%, jumping from the previous year’s 14.06% and much better than the fund’s annual average return of 8.51% since it was set up in 2000. Experts believe the fund will take advantage of the booming A-shares market and invest in more equities. The SSF’s total assets grew by 17.6% in the last year to RMB2.9 trillion ($…