Daily economic news reporter noted that since December 2016, the accumulated investment income of the basic endowment insurance fund has reached 85.069 billion yuan. In this regard, Fang Lianquan, Secretary General of the world social security research center of the Chinese Academy of Social Sciences, told reporters that at present, some provinces with large balances only put out part of their pension funds for investment and operation. With the implementation of the national overall planning of basic pension insurance, the scale of pension investment will further increase in the future, and the amount of investment income will also increase significantly.
Source: Department of human resources and social security, social security foundation, Huatai Securities Research Institute, Yang Jing
The entrusted investment amount of each province is more than one trillion yuan
According to the introduction of the social security foundation, the funds entrusted by the social security foundation include: the national social security fund, the central subsidy fund for personal accounts, the basic endowment insurance fund for some enterprise employees, the basic endowment insurance fund, and part of the transferred state-owned capital.
Among them, the basic endowment insurance fund is the partial balance fund of basic endowment insurance and its investment income entrusted by the peoples governments of all provinces (autonomous regions and municipalities directly under the central government) under the management measures for investment in basic endowment insurance funds issued and implemented by the State Council on August 17, 2015. According to the measures for the management of investment in basic endowment insurance funds and the entrusted investment management contracts signed between the social security foundation and the peoples governments of the entrusted provinces (autonomous regions and municipalities directly under the central government), the social security foundation implements separate management, centralized operation and independent accounting for the entrusted basic endowment insurance funds.
According to the report, the return on equity investment of the basic endowment insurance fund was 66.386 billion yuan, with an investment return rate of 9.03%. Since the formal launch of market-oriented investment and operation at the end of 2016, the accumulated investment income has reached 85.069 billion yuan, which has achieved the goal of maintaining and increasing the value of value, providing strong support for the sustainable development of Chinas basic endowment insurance system.
At the same time, the report points out that by the end of 2019, the social security foundation has signed entrusted investment contracts with 22 provinces (districts and cities), with a total contract amount of 1093.036 billion yuan, all of which are committed minimum guarantee mode with a five-year entrustment period, and the actual funds received are 908.177 billion yuan.
Pension is life-saving money, and the investment of pension has always been the focus of social attention.
Basic endowment insurance fund investment management measures stipulates that the basic endowment insurance fund is limited to domestic investment. The scope of investment includes: bank deposits, central bank bills, interbank certificates of deposit; national debt, policy oriented and development bank bonds, financial bonds, enterprise (Corporate) bonds, local government bonds, convertible bonds (including convertible bonds with separate transactions), short-term financing bonds, medium-term notes, asset-backed securities, bond repurchase; pension products, listing Circulation of securities investment funds, stocks, equity, stock index futures, treasury bond futures.
At the same time, the basic endowment insurance fund can participate in the investment of national major projects and major projects through appropriate ways. When the state-owned key enterprises are restructured and listed on the stock market, the basic endowment insurance fund can carry out equity investment. The scope is limited to central enterprises and their first level subsidiaries, as well as local leading enterprises with core competitiveness, including state-owned or state-owned holding enterprises funded by provincial financial departments and state-owned asset management departments.
Report in investment operation management pointed out that to improve the fund investment operation ability. We will promote the improvement of the entrusted stock product system and increase support for strategic emerging industries and technological innovation enterprises. We should grasp the rhythm of the bond market and continuously optimize the structure of stock and increment. Strengthen the management of medium and long term credit risk of deposit banks. We should closely follow the guidance of the national strategy, increase investment in major national construction projects and the mixed reform of state-owned enterprises, and support the development of the real economy. We should strengthen the liquidity management of funds at different levels and improve the efficiency and income level of funds. Daily economic news reporter noted that the return on investment of basic endowment insurance fund was 5.23% in 2017 and 2.56% in 2018, and the return rate of 9.03% in 2019 was much higher than that in the previous two years. Fang Lianquan introduced that the local basic endowment insurance fund is mainly used to purchase treasury bonds and so on. Generally, the rate of return on investment is relatively low. After the social security foundation is entrusted to invest and operate, the yield is significantly improved, which is of positive significance for maintaining and increasing value. The current investment strategy is still relatively conservative. Increasing the proportion of investment in stocks and stock index futures may improve the overall return on pension investment, but this kind of investment needs to pay attention to the corresponding risks. Source of this article: Yang Bin, editor in charge of daily economic news_ NF4368
Daily economic news reporter noted that the return on investment of basic endowment insurance fund was 5.23% in 2017 and 2.56% in 2018, and the return rate of 9.03% in 2019 was much higher than that in the previous two years.