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China Pension to Start Overseas PE Investment, Securities Says

July 29 (Bloomberg) -- 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.

Link to Company News:{SWELFZ CH <Equity> CN <GO>}

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

To contact the editor responsible for this story: Bloomberg News at jliu42@bloomberg.net

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