China pension fund looks abroad for investment opportunities

"The National Social Security Fund has raised its overseas investment to around 10%, still some distance from the 20% upper limit, ” Lou Jiwei, a member of the executive board and former chairman of the agency that oversees the fund, said during a pension investment forum in Beijing on Saturday.

BEIJING: China’s national pension fund has increased investment overseas and is looking to buy into private-equity and venture-capital projects in other countries.

"The National Social Security Fund has raised its overseas investment to around 10%, still some distance from the 20% upper limit, ” Lou Jiwei, a member of the executive board and former chairman of the agency that oversees the fund, said during a pension investment forum in Beijing on Saturday.