Fang Li

National Social Security Fund /China (NSSF) is the Government of China's pension fund which was established in 2000 by the Central Committee of the Communist Party of China and the State Council to serve as a strategic reserve fund. Headquartered in Beijing, the fund is managed by the National Council for Social Security Fund (SSF), a government agency on the ministerial level directly under the State Council of the People's Republic of China. NSSF aims to be a solution to the problem of aging by serving as a strategic reserve fund accumulated by the central government to support future social security expenditures. The reserve fund is mainly funded by capital and equity assets derived from reduction of state-owned shares, fiscal allocation of the central government, capital raised in other manners with approval of the State Council and other investment proceeds. NSSF seeks capital appreciation of assets from a combination of direct investments made by SSF and investments which SSF mandates to external managers, which operate the assets independently according to the Interim Measures, the Contracts on Investment Management and the investment guidelines stipulated by SSF.