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NSSF Expected to Back Blackstone’s RMB fund -source

(Reuters) – China’s national pension fund, National Social Security Fund (NSSF), is expected to be a major investor in Blackstone’s (BX.N) yuan fund – a source briefed on Blackstone’s fundraising plan in China said.

Blackstone announced plans in August to launch a 5-billion-yuan ($732 million) fund to invest primarily in the city of Shanghai.