The pension insurance fund lately invested another 800 million in five stocks in the A-share market, according to the Securities Daily on Wednesday.
With the release of the annual reports of the listed companies in 2017, the shares that the pension insurance fund holds were gradually unveiled.
As of February 22, among the listed companies that have disclosed their annual reports, the name of the pension security funds appeared in the shareholders' lists of 10 companies, holding 167 million shares worth RMB 3.442 billion.
Among them, Nanshan Aluminum, Jiangnan High Polymer Fiber, Fangda Special Steel, Muyuan Food and Changchun High-tech were newly held by the pension security funds in the fourth quarter of 2017. Based on the closing price at the end of last year, the pension insurance funds further input RMB 758 million in A-shares.
Previously, ten provinces in China had entrusted RMB 530 billion pension insurance funds to the National Council for Social Security Fund (NCSSF) in 2017.
In recent years, with the economic transformations and the rapidly aging population, the income growth of China's pension insurance funds has been slowed down, while the expenditure growth rate has been sped up.
In fact, faced with increasing pressure in balancing the revenue and the expenditure, China's pension system has been going through all kinds of reforms in recent years, especially in 2017, when related policies were launched one after another.
According to a senior official from the NCSSF, in the first year when the local pension was entrusted, it was not a problem for its rate of return to top 5 percent.
"We need to weigh the gains and losses between the safety and high return of the funds." said the senior official.
According to the Economic Information Daily, the Ministry of Human Resources and Social Security is working with the Ministry of Finance to draw up a document to entrust the pension funds of urban and rural residents to the NCSSF to manage and operate.
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