Ministry may invest social security fund

    Updated: 2011-10-26 07:55

    By Li Xiang (China Daily)

      Comments() Print Mail Large Medium  Small 分享按鈕 0
    Move would hedge inflation risk through market-based returns

    BEIJING - The Ministry of Human Resources and Social Security said on Tuesday that it is studying the feasibility of using the social security fund for market-based investment to gain a higher rate of return.

     Ministry may invest social security fund

    "Because the size of the fund is growing, we are facing increasing pressure to preserve and increase the value of the social security fund," Yin Chengji, the ministry's spokesman, said at a news briefing in Beijing.

    "We are studying and making regulations on the investment of the social security fund," Yin said. "While we ensure the safety of the fund, we hope to gain a higher rate of return through investment."

    Unlike the National Social Security Fund (NSSF), which the central government set up in 2000 as a strategic reserve for the aging population, the social security fund managed by the ministry can be invested only in treasury bonds and bank deposits under the current regulations.

    The social security fund, comprising insurance for pensions, healthcare, unemployment, work injury and maternity for urban workers, stood at 2.39 trillion yuan ($375.7 billion) as of the end of 2010, according to the ministry.

    During the first three quarters of 2011, revenues of the social security fund climbed 26.9 percent year-on-year to 1.64 trillion yuan while its total expenditures increased 21.2 percent to 1.29 trillion yuan, Yin said.

    Zhang Qi, an analyst at Haitong Securities Co Ltd, said that allowing the country's social security fund to be invested in the capital market will help maintain the value of the fund given the current high inflation rate.

    Ministry may invest social security fund 

    "It is necessary for the fund to find other investment products to preserve its value, for the real interest rate is negative," Zhang said, adding that the move would also help broaden the channel for direct financing in the capital market.

    Analysts said that the social security fund should be invested in low-risk products that offer stable returns in the long run, because the main purpose of the investment is to stay ahead of rising inflation so the fund will maintain its value.

    Meanwhile, the Ministry of Human Resources and Social Security said that the economic slowdown has not had a major impact on the job market.

    China created 9.94 million new jobs from January through September, exceeding its target of 9 million jobs this year. The registered urban unemployment rate was 4.1 percent at the end of September, according to the ministry.

    "The ministry is closely monitoring the country's economic development and will adopt targeted measures to maintain stability in the job market," Yin said.

    The government will intensify efforts to boost employment for the rest of the year by introducing more favorable tax policies and extending additional financial support, he added.

    天堂AV无码AV一区二区三区 | 中文字幕日韩精品有码视频| 亚洲av无码一区二区三区在线播放| 久久中文字幕精品| 日韩精品久久无码人妻中文字幕| 最近中文字幕2019高清免费| 久久久久亚洲AV无码专区桃色 | 伊人久久综合精品无码AV专区| 色综合久久中文字幕无码| 日韩精品无码人妻一区二区三区| 亚洲中文字幕无码久久2017| 精品久久久久久中文字幕 | 伊人久久大香线蕉无码麻豆| 无码国内精品久久人妻蜜桃| 免费无码又爽又刺激网站| 在线天堂中文在线资源网| 亚洲天堂2017无码中文| 免费一区二区无码视频在线播放 | 欧洲精品无码一区二区三区在线播放| 一本一道AV无码中文字幕| 无码欧精品亚洲日韩一区夜夜嗨 | 精品无码国产自产在线观看水浒传 | 天堂а√在线中文在线最新版| 国产乱妇无码大片在线观看| 无码人妻精品中文字幕免费| 直接看的成人无码视频网站| 亚洲精品97久久中文字幕无码 | 成人无码区免费A片视频WWW| 最近免费中文字幕高清大全| 最近更新中文字幕在线| a亚洲欧美中文日韩在线v日本| 91中文字幕在线| 亚洲VA中文字幕无码一二三区| 久久精品中文字幕大胸| 人妻中文字幕乱人伦在线| 久久中文字幕一区二区| 最近最新免费中文字幕高清| 久久男人中文字幕资源站| 中文字幕亚洲综合久久菠萝蜜 | 寂寞少妇做spa按摩无码| 亚洲AV无码一区东京热|