China state pension recoups losses, posts positive return in 2023

China’s national pension fund reversed its 2022 losses, achieving a 1% investment return in 2023 despite a domestic market downturn, thanks to a diversified portfolio. Though it ranked as the worst annual performer among state-owned investors globally, the National Social Security Fund (NSSF) maintained robust long-term investment performance, with a 10-year average annual return of 6.4%, standing out among Asian peers.  In 2023, the national pension fund recorded an investment …