China's NSSF fund eyes more overseas investments
BEIJING, March 29 Mon Mar 29, 2010 4:40am EDT

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(Reuters) - China's National Social Security Fund (NSSF) plans to increase its investments in stocks, bonds and overseas assets, the head of the pension fund.

Speaking to reporters on Monday, Dai Xianglong said the NSSF had the scope to increase its investments outside China and would put more money to work in overseas private equity and in the equity of unlisted foreign companies.

He said the NSSF could invest up to 20 percent of its assets overseas, adding that so far it had invested 6.7 percent of its assets, which totalled 776.5 billion yuan at the end of 2009, overseas.

Dai, who said he agreed with Premier Wen Jiabao's stance on the yuan, said the NSSF had the option of issuing bonds to raise fresh funds. ($1=6.826 Yuan)