Dai: Social Security Fund to invest overseas FoF

⊙ reporter Ma Yi hsueh National Social Security Fund Council chairman Dai Xianglong, 14th, attended the "Fourth annual Summer Davos forum", said that the end of this year, the Social Security Fund will be invested abroad "fund in the Fund (FOF) on the first step", after the Social Security Fund will gradually carry out foreign direct equity investment.　　According to the regulations, the National Social Security Fund of 20%, equivalent to 120 billion U.S. dollars, can be foreign investment, the investment target is limited to foreign stocks or bonds, the current Social Security fund overseas investment has used 7%. "The Ministry of Finance has agreed that the Social Security Fund, in accordance with the principle of ' effective and safe keeping ', chooses equity investment projects or PE projects and invests after the relevant assessment."　　"Dai said that given the financial crisis, it is difficult to do new projects, the Social Security Fund is considering the choice to invest in several fof, through this way to invest in other funds or equity investment to reduce the investment risk of the Social Security Fund. Dai said that before the end of this year, it would be possible to announce the first step in FoF investment abroad, and then plan to "go out" in accordance with the strategic arrangements for equity investment outside the Social Security Fund. "After investing in FoF abroad, Social Security Fund will gradually carry out foreign direct equity investment, the way may include investment in China's overseas high-quality enterprises, to support Hong Kong ' two outside ' enterprises to set up factories in the mainland, to Hong Kong listing, or with China's domestic state-owned, private enterprises to go out to invest in, from Asia onwards, Gradually developed to Europe and America. "said Dai.