Eligible asset managers must submit applications by October 31 under the new public pension fund scheme, with the chosen firms to be announced by the end of the year.
Proposed new rules for China’s state pension fund point to more flexibility over what it can invest in when it comes to foreign and private equity assets.
The public pension fund reserve saw AUM top Rmb1 trillion after a local government mandate and healthy returns. If it continues to diversify, it's expected to raise mandated assets.
China’s social security fund has reportedly issued eight onshore credit mandates. It may be hedging aggressive expansion, or it may preface renewed exposure to risk assets.
China’s social security fund issues its most flexible international mandates yet in four new categories, with specialist managers given a good chance of winning.
The $131 billion social security fund is expected to increase private equity investments and to look offshore after domestic market volatility reduced its 2010 returns to 4%.