China’s pension fund doubles offshore investments

China’s national pension reserve more than doubled its offshore investments over the past three years to RMB 580 billion ($86 billion), reports the South China Morning Post. This comes as the state fund increasingly seeks higher returns by diversifying its portfolio beyond domestic assets.

Offshore investment assets held by the National Social Security Fund (NSSF) reached RMB 580.02 billion at the end of 2025, accounting for a record 15.23% of its total assets, according to an annual report released by the National Council for Social Security Fund.

Offshore assets accounted for 9.8% of the fund’s assets in 2022 at RMB 282 billion, rising to RMB 346 billion in 2023 and RMB 438 billion in 2024.