Product/Service required
Fund Management
Specific details of requirements
Notice for the Selection of Global Investment Managers of SSF
According to the "Interim Provisions on the Administration of Overseas Investment by National Social Security Fund", National Council for Social Security Fund (hereafter the "SSF") intends to select a group of external investment managers to provide global investment management services.
1. Qualification Requirement
To be considered in the selection process, the Applicant shall voluntarily participate in the selection process and must meet all of the following qualification requirements:
(1) Financially stable, strong reputation, and robust risk management processes that conform to the laws and regulations of the home country or region as set forth by the regulatory bodies of such home country or region;
(2) Applicants must have operated asset management business for more than 6 years (as of March 31, 2008) with assets under management no less than US $ 5 billion (or equivalent in other currencies);
(3) The individuals involved must meet the professional qualification requirements of laws and regulations as well as the relevant requirements of the regulatory bodies in their home country or region;
(4) Sound corporate governance structure and internal control mechanisms to ensure that their business activities are in compliance with legal and regulatory rules;
(5) Applicants have not been severely penalized by the regulatory bodies over the past three years in the home country or region (as of March 31, 2008).
(6) If the applicants are established and registered outside of China, the home country or region has installed sound legal and financial regulatory oversight system. The related regulatory entities have signed Understanding Memorandum for Supervisory Cooperation with China Securities Regulatory Commission and have maintained effective cooperation in providing supervision.
2. Mandate Types
(1) Active China Overseas Equity
Benchmark: MSCI China Index
(2) Active Asia Pacific (ex Japan) Equity
Benchmark: MSCI All Countries Asia Pacific ex Japan Index
(3) Active Emerging Market Equity
Benchmark: MSCI Emerging Market Index
(4) Active European Equity
Benchmark: MSCI Europe Index
(5) Active Global Equity
Benchmark: MSCI World Index
3. Selection Procedure
The selection procedure is divided into the following stages: Application, Preliminary Review, Second Review, Fees & Contract Negotiation, and Result Announcement.
(1) Application
Applicants wishing to participate in the selection procedure must submit their applications to the coordinators of SSF via email.
Upon receiving the email, SSF shall send confirmation to the applicants as well as the username and password of web account for downloading application documents.
Each applicant can only apply for at most two products.
(2) Preliminary Review
The deadline of RFP and other required information is 5P.M, June 18, 2008.
SSF shall conduct its preliminarily review based on the application documents to determine which Applicant proceeds to the Second Review stage.
SSF shall notify the successful Applicants for the Second Review stage.
(3) Second Review
The Second Review stage will be an in-person interview.
SSF shall form an Expert Appraisal Committee to evaluate the qualified applicants.
SSF shall then notify the successful Applicants for the Fee and Contract Negotiation stage.
(4) Fee and Contract Negotiation
Based on the proposed fee arrangement submitted by the candidates, SSF shall negotiate with the candidates and decide on the final fee arrangement.
SSF shall negotiate the contractual terms with the candidates and sign the contract.
If both parties cannot agree on the contractual terms or the proposed fee arrangement, SSF shall negotiate with the next most qualified applicant based on the selection results.
(5) Result Announcement
4. Contact Details
The Coordinators of SSF:
Zhao Daizhong TEL:(8610)5836-2603 daizhongz@ssf.gov.cn
Hu Xuanwen TEL:(8610)5836-2470 xuanwenh@ssf.gov.cn
Zhang Wei TEL:(8610)5836-2615 zhangwei@ssf.gov.cn
Fax: (8610)5836-2388
Address: Mailbox No.2, South Tower, Fortune Time, Building 11, Fenghuiyuan, Xicheng District, Beijing, P.R. China, 100032
Value of tender
$74 billion
Tender documents availability details (From Elsewhere)
www.ssf.gov.cn/enweb/index.asp
Closing Date (response needed by)
2008-06-18 00:00:00.0
Language to respond in
English
Source of tender information
www.ssf.gov.cn/enweb/index.asp
Overseas Company Contact Details
Mr Zhao Daizhong
NCFFF
Mailbox No.2, South Tower
Fortune Time, Building 11
Fenghuiyuan, Xicheng District
Beijing
China
100032
Telephone: (8610)5836-2603
Fax: (8610)5836-2388
Email: daizhongz@ssf.gov.cn
Website: http://www.ssf.gov.cn/enweb/index.asp
UK Trade & Investment Contact: maggie.xie@fco.gov.uk
Source UKTI
