New China pension fund mandates tipped to total $322bn
Chinese asset managers are tipped for 20 new mandates under the national public pension fund reform which is set to be announced soon, while 30% of the investments are expected to be in equity assets.
The Chinese government is expected to hand out a total of Rmb2 trillion ($322 billion) in mandates from its national public pension fund (PPF) pool.
AsianInvestor understands that seven cities and provinces are likely to participate in the new investment scheme.
China’s PPF supervisor, the Ministry of Human Resources and Social Security (MoHRSS), is likely to allow the Rmb2 trillion to be invested in financial market investments, including equities
This represents 56% of the…
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