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Pension Fund
ssf.gov.cn

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Investments

5

Portfolio Exits

1

Partners & Customers

1

About National Council for Social Security Fund

National Council for Social Security Fund is a sovereign wealth fund from China. Founded in 2000, the fund has 134.5$B in assets.

National Council for Social Security Fund Headquarters Location

Mailbox No.2, South Tower, Fortune Time, Building 11 Fenghuiyuan

Beijing, Beijing, 100032,

China

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Sovereign Wealth Funds

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The world's most active sovereign wealth funds investing in private tech companies.

Latest National Council for Social Security Fund News

China's National Pension Fund Keen To Play 'active' Role In Ant Group's IPO

Oct 26, 2020

China's National Pension Fund Keen To Play 'active' Role In Ant Group's IPO Shanghai Bund summit told that allocating shares to National Council for Social Security Fund will be like 'allocating shares to the whole Chinese people' Jack Ma, founder of online payments giant, previously told event the listing will be the world's biggest initial public offering Author: Oct 25, 2020 4:44 AM EDT China's national pension fund has said it will be "very active" in the world's biggest initial public offering from Ant Group, the online payments giant. Chen Wenhui, a vice-chairman of the National Council for Social Security Fund, made the comments at an event at the Bund Summit in Shanghai on Sunday with Eric Jing, Ant's executive chairman. "We are looking forward to the subscription quota and shares that Chairman Jing will allocate to us," Chen said. "I am trying to convince him that if they allocate shares to us, it's the same as allocating the shares to the whole Chinese people." Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. Jing, who told the event the partnership between Ant and the national social security fund would be a "wonderful" deal, said: "On one hand, we've created long-term stable returns for the Chinese people via the National Council for Social Security Fund; and on the other hand, we provide the people with good products and services through innovation." Ant's army of advisers on the march to sell the world's biggest IPO Jing did not elaborate on the dual listing of Ant in Hong Kong and Shanghai in his main speech. Jack Ma, the founder of Alibaba and Ant, said on Saturday that the pricing of Ant offering had been decided on Friday night and it would be the biggest ever initial public offering. The South China Morning Post, which is owned by Alibaba, reported earlier that key analysts have valued Ant Group as high as US$450 billion. The national social security fund has a 2.93 per cent equity stake in Ant Group. If the valuation of Ant is US$450 billion, its stake would be worth about US$13.2 billion, or over 10 times its original 2015 investment. Jing said that the "new finance" of the future will be driven by technology and called for traditional financial institutions and tech companies to work together. He said it was "inevitable" that they would "join hands for win-win cooperation" and gave the example of the Apple Card, a credit card issued last year by Apple and Goldman Sachs. At the same time, in an apparent move to soothe concerns of banks, Jing said that banks would not have to give up control of their data. "In the early days, we had tried to build up a data pool, to which we can feed in raw data," he said. "That's no longer necessarily the case. Everyone can keep their own data, but we can still create value."

National Council for Social Security Fund Investments

5 Investments

National Council for Social Security Fund has made 5 investments. Their latest investment was in CNG Wind Energy as part of their Series A on May 5, 2022.

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National Council for Social Security Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/25/2022

Series A

CNG Wind Energy

Yes

1

7/26/2018

Unattributed

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$99M

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10

6/27/2016

PIPE

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10

7/4/2015

Series A

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$99M

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10

4/21/2010

Series A

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$99M

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10

Date

5/25/2022

7/26/2018

6/27/2016

7/4/2015

4/21/2010

Round

Series A

Unattributed

PIPE

Series A

Series A

Company

CNG Wind Energy

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Amount

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

National Council for Social Security Fund Portfolio Exits

1 Portfolio Exit

National Council for Social Security Fund has 1 portfolio exit. Their latest portfolio exit was Agricultural Bank of China on July 15, 2010.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/15/2010

IPO

$99M

Public

1

Date

7/15/2010

Exit

IPO

Companies

Valuation

$99M

Acquirer

Public

Sources

1

National Council for Social Security Fund Acquisitions

1 Acquisition

National Council for Social Security Fund acquired 1 company. Their latest acquisition was Umeme on May 19, 2014.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/19/2014

Debt

$99M

$190M

Acq - Fin - II

1

Date

5/19/2014

Investment Stage

Debt

Companies

Valuation

$99M

Total Funding

$190M

Note

Acq - Fin - II

Sources

1

National Council for Social Security Fund Partners & Customers

1 Partners and customers

National Council for Social Security Fund has 1 strategic partners and customers. National Council for Social Security Fund recently partnered with Safaricom on March 3, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

3/4/2019

Partner

Kenya

NSSF Partners with M-PESA in Cashless Drive NSSF PARTNERS WITH M-PESA IN CASHLESS DRIVE.

The National Social Security Fund has partnered with Safaricom as it embarks on a push to fully adopt cashless payments .

1

Date

3/4/2019

Type

Partner

Business Partner

Country

Kenya

News Snippet

NSSF Partners with M-PESA in Cashless Drive NSSF PARTNERS WITH M-PESA IN CASHLESS DRIVE.

The National Social Security Fund has partnered with Safaricom as it embarks on a push to fully adopt cashless payments .

Sources

1

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