China's Rmb148 billion $17.9 billion Social Security Fund has just added four new domestic fund managers as well as its first direct equity investment to its investment programme, says Xiang Huaicheng, chairman of the SSF's National Council. Speaking at a Tokyo conference hosted by the Pacific Pension Institute and the Asia Foundation, Xiang outlined the SSF's challenges in managing its rapidly growing assets.
The SSF was founded in 2000 to deal with China's unique problem of a rapidly greying society, similar to Western countries and Japan, but without the same wealth to pay for it. At that time, 10.3% of China's population was over the age of 60, a...
