News China28 Apr 2017

Provinces transfer pension funds for centralised investment

| 28 Apr 2017

Seven provincial-level regions, including China's two largest cities of Shanghai and Beijing, have transferred funds totalling CNY137 billion (US$19.9 billion) to the National Council for Social Security Fund (NCSSF) for centralised investment. This first tranche is already being invested, according to a spokesperson for the Ministry of Human Resources and Social Security.

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