Overview
30 (Xinhua) -- China's national social security fund posted an investment return of 8.1 percent in 2024, earning 218.42 billion yuan (about 30.72 billion U.S.1
National Council for Social Security Fund's pension assets support retirement benefit obligations for plan participants.1
Investment program
- Estimated AUM
- $465B as of Dec 31, 20241
- Capital pool
- Public pension fund1
- Investment model
- [ 5 ] : 113 The audit found that CIC's early losses were primarily due to dereliction of duty by key personnel, inadequate due diligence, inadequate post-investment management, and a general lack of professionalism.2
- Investment approach
- "After years of exploration and practice, the NCSSF has developed a relatively comprehensive asset allocation system in its investment operations, including strategic asset allocation, tactical asset allocation, and asset rebalancing," the official added.1
- Spending support
- Not listed yet
- Spending policy
- Not listed yet
- Asset allocation
- Public evidence references these asset classes or allocation areas: private equity, hedge funds, real estate, infrastructure, public markets, fixed income.1
- Performance
- Not listed yet
- Governance
- Investment policy and scope [ edit ] This section does not cite any sources .3
- Investment team
- [ 5 ] : 118 In early 2024 Liu Haoling became Vice Chairman, President and CIO of CIC.2
- Unfunded commitments
- Not listed yet
- Source freshness
- Last verified Jul 21, 2026 · Verified
Sources
Last verified Jul 21, 2026 from public career and organization materials.
Fact notes
- Website (english.news.cn)Parent organization overview, Pool purpose, Capital pool, Estimated AUM, Investment approach, Asset allocation · checked Jul 25, 2026
- Website (en.wikipedia.org)Investment model, Investment team · checked Jul 25, 2026
- Website (en.wikipedia.org)Governance, Investment office page · checked Jul 25, 2026
Profile and job sources
- Website (english.news.cn)Website · checked Jul 25, 2026
- Website (english.www.gov.cn)Website · checked Jul 25, 2026
- Website (en.wikipedia.org)Website · checked Jul 25, 2026
- Website (en.wikipedia.org)Website · checked Jul 25, 2026
- Primary job/profile sourceJob posting · checked Jul 21, 2026