CHINA China Social Security Fund signs $65 bln of invesment contracts with 9 provinces

CHINA

China Social Security Fund signs $65 bln of invesment contracts with 9 provinces

Reuters | Reuters

05:48, November 02, 2017

The National Council for Social Security Fund (NCSSF) has signed investment contracts worth a total of 430 billion yuan ($64.86 billion) with nine provincial governments, of which 180 billion yuan of pension funds has already been invested, China’s Ministry of Human Resources and Social Security (MOHRSS) said in a briefing on Wednesday.

The MOHRSS did not indentify the provinces or give more details.

The MOHRSS will step up fund investment and strengthen supervision and management of social security fund operation in the next stage.


Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue