On 21st November 2017, the EU-China Social Protection Reform Project- Component 2 held a Panel Discussion on the topic “Investment strategies of social insurance funds and risk control methodologies” (topic 2.3.1) in cooperation with the Social Security Department of the Ministry of Finance. The Panel was co-chaired by Mr. Di Donghui (Division Director, Actuarial Division, Social Security Department, MoF) and Mr. Massimo Antichi (EU-China SPRP, Project Leader, Italian Institute of Social Protection). The morning session was dedicated to the presentation of the Chinese context and background (by Prof. Hu Jiye); following was the presentation on the pension fund portfolio management: risk & risk premium, diversification, allocation and governance (by Mr. Davide Cipparrone). In the afternoon session, was presented the pension funds system in Italy: market structure, regulation, and supervision (by Mr. Andrea Canavesio). Finally, in the round table session the discussion was extended to the participation of other Chinese experts and government representatives, which shared their experience and opinions, as well as asked a series of questions to deepen the discussion on the topic. Around 20 participants, including representatives from the Social Security Department of the Ministry of Finance, Project Leader, University of International Business and Economics, Renmin University, China University of Political Science and Law, China Institute of Finance and Capital Market, China Securities Regulatory Commission, and the project team took part in the Panel.