NCSSF outlines investment plans to 2015

China’s National Council for Social Security Fund (NCSSF) has unveiled plans to invest up to Rmb250 billion ($40 billion) in central state-owned enterprises and private-equity funds over the next three years. The council made the public announcement on its website this week, with the stated aim of supporting the development of the country’s real economy while achieving steady returns. The NCSSF had Rmb869 billion in total AUM as at the end of last year. Of this, investment in th…