China’s NSSF assets top $178b in 2012
China’s National Council for Social Security Fund (NSSF) reported a 7% investment return in 2012, its best performance in three years, as total assets under management topped RMB1 trillion ($178 billion) for the first time.
At the end of 2012, the national pension fund had RMB1.1 trillion in assets, up 27.5% from the year earlier, it said in a statement. Investment income came to RMB64.5 billion, with the 7% return beating...
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