National Council for Social Security Fund

Overview

Established in 2000, the National Council for Social Security Fund (NCSSF) is a public institution under the Ministry of Finance of China, responsible for managing the National Social Security Fund (NSSF). The NSSF serves as a strategic reserve fund accumulated by the central government to support future social security expenditures and address the challenges posed by an aging population. As of 2023, the NSSF's assets under management have grown significantly, reflecting its pivotal role in China's social security system. The NCSSF employs a diversified investment strategy, allocating assets across various classes, including fixed income, equity, private equity, infrastructure, real estate, and venture capital. This approach aims to balance risk and return, ensuring the fund's sustainability and growth. The fund's investment activities span multiple stages, from growth and late-stage investments to pre-IPO and buyout opportunities, enabling it to support a wide range of enterprises and projects. Over the years, the NCSSF has demonstrated a strong track record, achieving an average annual investment return of 7.39% since its inception. In 2024, the fund reported an 8.1% return, earning 218.42 billion yuan (approximately 30.72 billion U.S. dollars). By the end of that year, the total assets of the fund had reached 3.32 trillion yuan. This performance underscores the NCSSF's effective risk management and comprehensive asset allocation strategies, contributing to the stability and growth of China's social security system.

Investment Focus

• Long-term investment horizon
• Diversified portfolio
• Focus on sustainable and responsible investing

Portfolio Companies