Tools: Save | Print | E-mail |
China's Social Security Fund Totals 211.7 Bln Yuan
Adjust font size:

The National Council for Social Security Fund said Tuesday the total assets of China's Social Security Fund (SSF) totaled 211.78 billion yuan (about US$26.5 billion) at the end of 2005.?

 

The figure represents a year-on-year increase of 23.9 percent over 170.9 billion yuan (US$20.8 billion) at the end of 2004.

 

Xiang Huaicheng, chairman of the council, said the fund was created in 2000 as part of China's effort to build up a national social security network to cope with the growing needs of its ageing population.

 

The increased sum of the pension assets include budgetary funding from the central government, returns on investment, and revenues from the sale of shares in state-owned enterprises listed overseas.

 

On its investment strategies for this year, Xiang said that the total capital available for investment this year will be approximately 41 billion yuan (US$5,113 million), and 3 billion yuan (US$374 million) to 5 billion yuan (US$623 million) out of the resources will be used to invest in the stock markets and some 4 billion yuan (US$499 million) to 6 billion (US$748 million) will be invested in products with fixed returns.

 

The central government is expected to publish provisions governing overseas investment by the fund in two weeks.

 

The fund has opened an investment account in Hong Kong, he added.

 

The chairman said that total realized revenues of the fund reached 5.285 billion yuan (US$659 million) in 2005 with an investment yield rate of 3.12 percent.

 

Xiang acknowledged that the council will work to improve its investment returns while giving top priority to risk control.

 

"Our risk control policy remains unchanged, that is, there will be no net investment losses in each of the coming five years while striving to raise investment returns," said Xiang.

 

(Xinhua News Agency March 29, 2006)

Tools: Save | Print | E-mail |

Comment
Username   Password   Anonymous
 
China Archives
Related >>
- Social Security Fund Allowed to Invest Overseas
- Social Security Fund Council Seeks Managers
- Companies Eye Social Security Fund Market
- Overseas Investments for Social Security Fund
- Social Security Fund Bides Its Time for Overseas Investment
- Pension Fund to Invest Overseas
Most Viewed >>
- White paper on energy
- Endangered monkeys grow in number
- Yangtze River's Three Gorges 2 mln years in the making
- The authorities sets sights on polluted soil
- China, US benefit from clean energy

Product Directory
China Search
Country Search
Hot Buys
主站蜘蛛池模板: 好硬好爽老师再深点| 最近中文字幕无吗免费高清| 台湾swag视频在线观看| 黄大色黄美女精品大毛片| 国产精品区一区二区三在线播放| tube8中国69videos| 成人免费无码精品国产电影| 久久九色综合九色99伊人| 最近免费中文字幕大全高清大全1 最近免费中文字幕大全高清大全1 | 91精品久久久久久久99蜜桃| 女人是男人的女未来1分49分| 中文字幕亚洲一区二区三区| 日本爽爽爽爽爽爽在线观看免| 亚洲av无码片一区二区三区| 欧美日韩中文国产一区| 亚洲精品偷拍无码不卡av| 男人边做边吃奶头视频| 公在厨房对我猛烈进出视频| 美女被无套进入| 国产中文99视频在线观看| 高清一区二区在线观看| 国产理论片在线观看| 日日夜夜嗷嗷叫| 国产精品多人p群无码| 404款禁用软件onlyyou| 国内精品久久人妻互换| 99精品热这里只有精品| 天天视频国产免费入口| 一个人hd高清在线观看| 少妇高潮喷水久久久久久久久久| 中文字幕亚洲区| 成年女人免费播放影院| 中文字幕在线观看一区| 无码一区二区三区在线观看| 久久久久人妻一区二区三区vr| 日本漫画口工全彩内番漫画丝袜| 久久精品无码一区二区三区 | 男人天堂2023| 国产精品乱码一区二区三区| 青青操免费在线视频| 国产精品一区二区久久不卡|