China Pension to Start Overseas Private-Equity Investment, Securities Says

Dai Xianglong, chairman of the National Council for Social Security Fund, said the pension fund will begin investing in overseas private-equity funds soon, the Shanghai Securities News reported today.

The pension fund is now looking for managers and has plans to increase the scale of its investments in overseas private- equity funds once they’ve started, the newspaper reported, citing Dai. China’s pension fund will focus mainly on investing in overseas small and medium-sized enterprises, Dai was cited as saying.

To contact the reporter on this story: Zhe Huang in Beijing at zhuang37@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.