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Definition: National Social Security Fund (China)
It is a government-controlled supplementary fund established by the Chinese Government with primary motive to provide a source of capital and back up funds for developing China’s Social Security System. The National Social Security Fund of China has accumulated assets worth $146.5 billion.
The firm is an independent distinct entity and runs as an autonomous body. However the National Council for Social Security Fund manages this fund with support from different ministries of the government.
The working and generation of this fund takes place through number of activities like fiscal allocations from central government, other national investment proceeds. The fund is also invested other government financial instruments like treasury bonds, marketable security investment funds, stocks, corporate bonds and also in private equity bonds.