The pension fund wants fund-of-fund houses to offer information about emerging market infrastructure plus foreign bond investments, and it has launched an index analysis system.
The country’s trial rules on pension products should encourage Hong Kong managers to reconsider opportunities to sell funds through the mutual recognition scheme.
China's latest consultation paper regarding the rules surrounding pension products looks set to heavily promote fund-of-funds as a key structure for such voluntary funds.
The funds of funds industry in China has enormous potential, but fund houses need to build capabilities and track records in order to exploit it, said participants and observers.
In the second of a two-part story, China's fund regulator wants to help fund of funds proliferate, but relatively few onshore firms have enough fund variety to create the products.
In the first of a two-part feature, the country's fund regulator wants to promote fund of funds to help diversify risk and encourage long-term investing. But the biggest takers could be banks.
The mainland securities regulator has given approval for asset managers to manufacture funds of funds, and some firms have been working towards this in recent months.
Asian investors comprise nearly a fifth of private equity secondaries fund Pomona Capital VIII, with allocations from pensions, sovereigns, insurers and family offices.
The NCSSF is tipped to issue RFIs/RFPs for equity-based fund-of-funds mandates before Chinese New Year. It comes after it awarded eight domestic mandates on Christmas Eve.