China’s NSSF investment return 6.2% in 2013
China’s National Social Security Fund (NSSF) reported a 6.2% investment return last year, down from 7% in 2012.
Investment income came to RMB68.6 billion ($11 billion), compared to RMB64.5 billion in 2012, according to an annual report. About 30% of net income last year came from the stock market. The NSSF also reported an index investment loss totaling RMB6.9 billion between 2010 and 2013.
The NSSF, the country's biggest pension fund, had RMB1.24 trillion in assets under management (AUM) by the end of last year, of which 53.95% were direct investments with the remainder being managed by external fund managers.
NSSF took over the management of a RMB100 billion pension fund in Guangdong province in 2012. Its investment return of 7% in 2012 was its best performance in four years, when the total AUM topped RMB1 trillion for the first time.
As of mid-September 2012, it committed RMB22.6 billion to 16 venture capital and private equity funds, including vehicles run by Hony Capital, CDH Investments, CITIC Capital, SAIF Partners, CITIC Private Equity, Bohai Capital and New Horizon Capital.
More on Greater China
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.