China’s pension fund to join the new Silk Road investment spree
The National Social Security Fund says it has a pipeline of deals, but is under growing pressure to expand its assets amid an ageing population
China’s 2 trillion yuan (US$290 billion) national pension fund will hop onto the country’s new Silk Road bandwagon, joining other state-backed institutions to seek lucrative deals along the route.
Wang Zhongmin, a vice-chairman of the National Social Security Fund (NSSF), said the fund would take a go-slow and low-key approach, but he conceded that a bag of investment deals are in the pipeline.
“We will do investments along the route,” he told the South China Morning Post . “We are resolute in going abroad, but I can’t disclose details of the projects and investment figures.”
The NSSF, a reserve fund used to supplement local pension pools, will follow on the heels of the country’s powerful institutions including China Development Bank, the US$54.5 billion Silk Road Fund, Import and Export Bank of China and other financial juggernauts to fund the grand project officially known as the Belt and Road Initiative.
We are resolute in going abroad, but I can’t disclose details of the projects and investment figures
The vice-chairman would not shed light on the tactics and models of the investments .