China state pension may reverse 2022 losses on turnaround bets

China’s national pension fund could reverse its losses in 2022 with its additional $17.8 billion investments in domestic stocks, as the market is on track for a rebound, analysts said. The remarks came after the National Social Security Fund (NSSF) reported its second-worst investment performance in 2022, dragged by the bearish domestic market. “Although the market was bearish in 2022 and there were paper losses over the shorter term, NSSF could still get returns over a two to t…