Pension funds to have low exposure to share markets

NCSSF chairman says body has been entrusted to look after a total of $52b

Pension fund investments will have a relatively low exposure to the stock market to ensure the safety of the funds, the chairman of the National Council for Social Security Fund, Lou Jiwei, said on Wednesday.

He said the NCSSF had signed contracts with seven provinces and cities to manage and invest local pension funds on their behalf.