China’s pension fund doubles offshore investments to new high in quest for higher returns

China’s national pension reserve more than doubled its offshore investments over the past three years to a record 580 billion yuan (US$86 billion), as the state fund increasingly sought higher returns by diversifying its portfolio beyond domestic assets. Offshore investment assets held by the National Social Security Fund (NSSF) reached 580.02 billion yuan at the end of 2025, accounting for a record 15.23 per cent of its total assets, according to an annual report released by the National...