IN BRIEF (Page 14)

Pension fund invests

China's $74 billion national pension fund has invested 2 billion yuan each in funds managed by private-equity firms CDH Investments and Hony Capital, Chairman Dai Xianglong said yesterday.

"We must step up the expansion of our investment channels to boost returns," Dai said in Tianjin. The National Council for Social Security Fund is expanding into alternative investments as it seeks to gain higher returns to help extend healthcare coverage.