The national pension fund continues to expand its outsourced assets in a dynamic investment landscape, as it reaps rewards from bets in overseas markets and emerging sectors.
The National Social Security Fund added $17.8 billion in Chinese equities last year across the consumer and healthcare, real estate, automotive, industrial, resource, and infrastructure sectors.
The $287 billion state pension reportedly plans to invest in both state- and privately-backed infrastructure projects, as it boosts its alternatives exposure.
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 Chinese pension fund's use of external managers and its foreign exposure are tipped to rise due to mandates from provincial governments. But it has been criticised for its approach to index investing.