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BRIEF-China Social Security Fund signs $65 bln of invesment contracts with 9 provinces
November 1, 2017 / 3:51 AM / 22 days ago

BRIEF-China Social Security Fund signs $65 bln of invesment contracts with 9 provinces

BEIJING, Nov 1 (Reuters) - China’s Ministry of Human Resources and Social Security (MOHRSS) said in a briefing on Wednesday:

* the National Council for Social Security Fund (NCSSF) has signed investment contracts worth a total of 430 billion yuan ($64.86 billion) with nine provincial governments, of which 180 billion yuan of pension funds has already been invested

* the MOHRSS did not indentify the provinces or give more details

* the MOHRSS will step up fund investment and strengthen supervision and management of social security fund operation in the next stage ($1 = 6.6292 Chinese yuan renminbi) (Reporting by Beijing Monitoring Desk; Editing by Kim Coghill)

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