China's pension fund picks global managers



China's National Council For Social Security Fund (NCSSF), which manages the National Social Security Fund (NSSF), has appointed 10 global fund managers to manage an estimated $1 billion in five funds focused on investments in overseas stocks and bonds.

The move follows the Qualified Domestic Institutional Investor (QDII) scheme announced earlier this year, and the national pension fund is expected to invest up to 20% of its assets abroad, including in Hong Kong. NSSF has already opened an

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