NSSF and ADB in consultant search for offshore investment

Meanwhile China''s social security funds manager is selecting a new set of domestic external managers.

China's National Social Security Fund is working with the Asian Development Bank to select an investment consultant to assist with offshore investing and risk management. The ADB has solicited bids from five consultants, and has already ranked them according to technical and financial points, says Ying Qian, principal first economist at the ADB in Manila. Next the ADB will enter contract negotiations, a process that should conclude by the first week of October, after which the six-month project will commence.

This technical project, valued at $720,000, marks an ongoing collaboration between the ADB and the NSSF's National Council. Two years ago, the ADB selected a consultant to help the NSSF...

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