February 21, 2016 / 7:53 AM / 2 years ago

China's pension fund posts higher return in 2015 - Caijing

BEIJING, Feb 21 (Reuters) - China’s National Social Security Fund (NSSF) recorded a 15.14 percent return on its investments last year, business magazine Caijing reported on Sunday, citing a speech from the organisation’s vice chairman.

The performance marks an improvement on 2014, when the fund secured an 11.43 percent return on investment.

The NSSF had 1.8 trillion yuan ($276.07 billion) in assets at the end of 2015, the magazine quoted Wang Zhongmin as telling a conference in Beijing on Saturday.

China is trying to strengthen its pension system to cope with the huge challenge of an already-shrinking working-age population. The ruling Communist Party announced in October last year that it would ease family planning restrictions to allow all couples to have two children after decades of a strict one-child policy, a move aimed at alleviating demographic strains on the economy. ($1 = 6.5202 Chinese yuan renminbi) (Reporting by Meng Meng and Nicholas Heath; Editing by Miral Fahmy)

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