Tuesday, December 1, 2009

China’s Pension Fund To Divert Some Funds to Invest in Cambodia

Chinese Bank is planning to open its commercial bank branch in Cambodia by using China’s Pension Fund for the investment.

The remark was made known here yesterday by Mr. Dai Xianglong, head of China's National Social Security Fund (NSSF), during a meeting here on Nov. 10 with Deputy Prime Minister and Minister of Economy and Finance H.E. Keat Chhon.

On the occasion, Mr. Dai said that some 20 percent of the Chinese total Pension Fund US$186 billion will be used for the investment in Asian countries, Cambodian financial ministry spokesperson told reporters after the meeting.

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