+
As of
the end of 2010, the capital balance of local social security funds was about
RMB 2 trillion, most of which was contributed by pension funds.
+
An
official from the Ministry of Human Resources and Social Security has
previously emphasized that before the relevant national regulations are in
place, local social security funds can only invest in certain banks or purchase
national bonds. Local governments, departments or individuals cannot use the
funds for other forms of investment.
+
However,
an official from the CSRC recently suggested that pension funds can learn from
the national social security funds, and increase their earnings by investing in
the stock market.
+
Related
Data: People Covered by Social Welfare, Balance of Basic Pension Insurance, Income
and Expenditure of Basic Pension Insurance, ROI for Social Security Fund
More people are covered under the
social insurance.
The basic pension balance is increasing year by year
The return of national social security fund is basically stable.
For more macro
data, please visit www.chinascopefinancial.com
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