25 February 2020

NSSF opts for defensive stocks in 4Q, paper says

China’s National Social Security Fund (NSSF) is believed to have sold shares of some listed small and medium enterprises such as Suning Commerce Group Co. Ltd. (002024.CN), Huayi Brothers Media Corp. (300027.CN) and Ourpalm Co. Ltd. (300315.CN) during the current quarter, the China Securities Journal reported Thursday. In a shift of investment appetite, the NSSF has boosted its holdings in defensive plays such as drug makers and food and beverage companies, the report said.

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