The approval of the state council social security operation billions of guangdong pension

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Report from our correspondent (reporter li lei) is the pensions of hot debate entry problems the dust settles. The national social security fund council announced yesterday, with the approval of the state council, the social security funds entrusted by the government of guangdong province council, investment operation guangdong town worker is basic endowment insurance balance fund 100 billion yuan. The move which is first in the country.

 

It is reported, the national social security fund board of directors and the guangdong government in March 19 in Beijing signed entrust investment agreement, funds will be partial in place, entrust investment period is two years. The social security fund council says, will insist on more prudent policy, the new money will be more configuration to fixed income products, ensure funds to maintain and increase their value.

 

A brokers personage expresses, the configuration of new fund more to fixed income products that will have little part into the stock market, the stock market mainly through expectations affect, and substantial effect is more of the debt markets. The social security fund the board adopt such investment is the main means to safety and reduce the risks, after all the people BaoMingQian pension is.

 

The national social security fund council figures showed that in 2001, 2011-11 years, the national social security fund investment returns were realized 284.7 billion yuan, with an average annual return of 8.41%, 6% higher than the same period than inflation.

 

S expert opinion

 

"Pensions two years loss of more than 130 billion"

 

The Chinese academy of social security research, director of the center ZhengBingWen said yesterday, guangdong the basic endowment insurance funds to social security investment operation is also a reform, as long as the reform was better than stalled.

To "pension is BaoMingQian, people should not be put into the stock market under high risk" point of view, ZhengBingWen not agree. "Each year at the mercy of the pension loss to common people feel at ease? Is responsible for the investment operation? Not the value of the common people, it is not responsible." Zheng bing said.

 

According to his estimates, CPI is 5.6% last year, endowment insurance fund yields less than 2%, last year the loss of the pension is as high as 100 billion. 2010 for 3.3% CPI, still less than 2% of the pension yields, when more than 30 billion pension loss. Pension in two years more than 130 billion losses.

 

ZhengBingWen says, pension into the stock market should carry out long-term investment and the value investment, from the European and American market experience, if pension into the market 20-30 years, the average rate of return to more than 7%.

 

"The central to the specialized agencies unified operation management plan dragged more time in succession, there will be other provinces follow the practice of guangdong. Suggest the national pension should be made by the central to a special agencies up. If the unity specialized agency unified operation scheme aside, it is likely soon guangdong is the first, also can become the last one." Zheng bing said.

 

"For stock market increased important main force"

 

The big securities research institute LiDaXiao (the Po) yesterday think, local pension through social security funds entrusted to enter through the pension investment stock market channel, increase the buy  strength, the market is big gains, its operation mode to the other provinces to follow suit.

LiDaXiao think, leave the capital market, more and more huge pension, it is hard to find a more ideal way of value, like America's pension is 200% of its GDP, China now amount not much but will gradually increase, social security fund the successful operation of experience is good reference of the pension, changed local pension 10 years less than 2% of the plight of yield, also adds an important for stock market forces.

 

LiDaXiao said, pension as a powerful buyers may change the market turn to the moment of inertia of the issuer, to balance the issuer and investors strength, increase the blue chip demand, improve corporate governance, promote shareholder returns, perfecting shareholder culture, to form the long-term investment value investment and the direction of investment atmosphere, gradually change the market likes to chase the bad boy of speculative habit, and high quality company will slowly get favour, promote the market a benign cycle.(  reporter li lei)

 

The national social security fund balance

 

(by the end of 2011, the five social insurance fund accumulative balance total 2.87 trillion yuan)

Explanation: according to people of clubs in January 2012, according to figures released at present our country basic endowment insurance fund balance is 1.92 trillion yuan, roughly divided into basic endowment insurance, compensatory endowment insurance, commercial insurance and personal savings.

 

At present the main show by the entry discussion around the government shall be responsible for the basic endowment insurance, this part of the pension in a proportion of the biggest. Another according to the economic observer (the Po) news, by the China local government management of social fund of primary endowment insurance to keep GunCun, to 2011 years of balance or more than $1.8 trillion.

 

Earlier, compensatory endowment insurance, social security funds by the council management of the basic pension insurance in the securities market for investment. The national social security fund council 2000-2010 in the capital market with an average annual return of 9.17%.