Investing to Relieve Guangdong Pension Tension

Putting pension money to work has long been a top agenda item  for fund managers running China's regionally divided and cash-flush social security system.

Under a pilot project in place since 2006, for example, the central government's National Social Security Fund (NSSF) has been earning up to 10 percent interest by investing on behalf of a select group of pension funds in nine provinces, municipalities and autonomous regions.