NSSF urged to lift equity allocation cap to 60%

A proposal to increase the equity investment limit of China’s National Social Security Fund (NSSF) to 60% from 40% has received a thumbs-up from industry experts, who believe it will offer the fund the opportunity to generate higher returns. Jiang Yang, a member of the Chinese People's Political Consultative Conference (CPPCC), presented the proposal at a CPPCC meeting on economic affairs on March 5 in Beijing. He said the move would encourage longer-term funds to flow into China’…