ChinaÆs NSSF likely to expand overseas investments

The National Social Security Fund (NSSF) has already invested $1.6 billion outside of China, says FTSE Group senior adviser Stuart Leckie, who also advises the NSSF. Leckie says the total book value of the fund is RMB500 billion ($67.7 million).ôNSSF has benefited from getting part of the proceeds from international listings, so the NSSF had hard currency,ö Leckie says, ôMost of the money is still in Treasuries and cash. Quite a lot of money is in Chinese equities."The NSSF made its i…