China's SSF expands investment mandates

China's Rmb148 billion ($17.9 billion) Social Security Fund has just added four new domestic fund managers as well as its first direct equity investment to its investment programme, says Xiang Huaicheng, chairman of the SSF's National Council. Speaking at a Tokyo conference hosted by the Pacific Pension Institute and the Asia Foundation, Xiang outlined the SSF's challenges in managing its rapidly growing assets. The SSF was founded in 2000 to deal with China's unique problem of a r…