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China Pension Allowed to Buy Stakes in Unlisted Oversea Firms, News Says

China’s national pension fund has won approval to invest in unlisted foreign companies, the Shanghai Securities News reported today, citing National Council for Social Security Fund Chairman Dai Xianglong.

The pension was also approved to invest in private equity firms, the Shanghai-based newspaper reported. The fund is currently looking for fund managers to assist it, according to the report.

To contact the reporter on this story: Jian Guo Jiang in Shanghai at jjiang@bloomberg.net

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