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China Pension Plan to Invest in Funds of Funds, News Says

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Sept. 15 (Bloomberg) -- China’s national pension fund plans to invest in overseas funds of funds, the Shanghai Securities News reported today, citing Dai Xianglong, chairman of the National Council for Social Security Fund.

The pension fund has already used 7 percent of its $120 billion available for overseas stock and bond investment, Dai said, according to the newspaper.

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

To contact the editor responsible for this story: Bloomberg News at gturk2@bloomberg.net

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