Latest News:  
Beijing   Sunny    10 / -2   City Forecast

People's Daily Online>>China Business

Pension fund seeks better yields

By Louise Ho (Shanghai Daily)

09:23, March 06, 2012

THE National Council for Social Security Fund, which runs the national pension fund, has selected 13 private equity funds to help invest 19.5 billion yuan (US$3.09 billion) for better returns, the head of the social security fund said yesterday.

"We have selected the best fund managers to ensure a good supervision of the pension fund," Dai Xianglong, president of the fund, told reporters on the sidelines of the annual meeting of the National People's Congress in Beijing.

The State Council has approved 10 percent of the national pension fund for private equity investment, he said.

"We need to select and supervise fund managers with care," he said. "The pension fund is people's life savings and we need to manage the fund well."

Dai said in December 2009 that China's pension fund assets in 2008 were less than US$200 billion, which was below 1 percent of global pension fund assets. The national pension fund started to invest in stocks in 2003.


Leave your comment0 comments

  1. Name


Selections for you

  1. Beautiful service staff at the NPC and CPPCC sessions

  2. Grandson of Chairman Mao attends CPPCC meeting

  3. Land subsidence causes panic in Hefei

  4. A journey in North Tibet: Baingoin

Most Popular


  1. Chinese products bring benefits to U.S. consumers
  2. Is international 'hot money' flowing into China?
  3. China's economy to roar ahead amid global woes
  4. U.S. solution to Syria issue doomed to failure
  5. Trust key to stability on Korean Peninsula
  6. Public will increasingly swaying diplomatic policies
  7. Political dialogue is right solution to Syrian crisis
  8. West's pressure no sway on China's defense budget
  9. Manila returns to usual games of cat and mouse
  10. How should China cope with US return to Asia?

What's happening in China

'A model of devotion to duty'

  1. Lawmakers', political advisors' microblog highlights
  2. Bear bile 'needed for medicines'
  3. Smoking is rampant in Internet bars
  4. Income gap needs attention, deputy says
  5. Beijing issues "ID cards" to cultural relics

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai