South Korea pension fund will raise China investments

South Korea's National Pension Service (NPS) is looking to increase investments in China as the world's third-largest pension fund sees the recent slowdown in the Chinese economy as temporary, its chairman and chief executive said on Thursday. "The long-term outlook for China is positive. Chinese leaders and people will handle it well," Choi Kwang told Reuters. NPS manages $426 billion in assets.
"We will have to increase holdings in the longer term." The comments indicate that some long-term investors are still sanguine on the world's second-biggest economy despite a recent implosion in China's stock market and an economic slowdown. Currently, NPS has little exposure to China except some stock investments through Qualified Foreign Institutional Investor (QFII) programme, Choi said.