China's National Social Security Fund plans quickly to expand its investments abroad and is looking at the US and European markets, its head said yesterday.
“There is a lot of room for us to expand our investments abroad and we do intend to do that,” Dai Xianglong, chairman of the Rmb777bn ($114bn) NSSF, told reporters in Beijing.
As well as rapidly expanding the fund's presence in the US and European Union, Mr Dai said the NSSF was looking to India and other fast-growing economies for opportunities and was particularly interested in direct investments in unlisted companies and global private equity funds.
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