SSF to more than double to $300 bln by 2015

At the Boao Forum for Asia, head of China's National Social Security Fund says the fund will be more than doubled to 300-billion US dollars by 2015. The SSF is ready to buy into unlisted companies and invest more in private equity funds this year. The agency has invested 6 to 7 billion yuan in five local PE funds.

The cap of investment in PE funds is 10 percent of its total capital. Head of the SSF, Dai Xianglong, said China needs to not only attract foreign investment but also to expand channels for Chinese investment overseas as the country's foreign exchange reserves have risen to 2.4 trillion U.S. dollars.