China's pension fund investment grows steadily - China - Tibetol

Home > News > China >

China's pension fund investment grows steadily
By:Xinhua
update:July 24,2018
July 24,2018--Local governments in China have entrusted more pension funds for investment as the country faces the challenge of an aging population, a human resource official said Monday.
 
By the end of June, 14 provincial-level regions including Beijing and Shanghai had signed contracts to entrust a total of 585 billion yuan (about 87 billion U.S. dollars) in pension funds to the National Council for Social Security Fund (NCSSF), according to Lu Aihong, spokesperson with the Ministry of Human Resources and Social Security.
 
Of the total, 371.65 billion yuan is already in place and has been invested, Lu told a press conference.
 
The ministry will continue to encourage more regions to put pension fund into investment and at the same time strengthen risk management to secure long-term and stable investment return, he said.
 
As a significant part of the pension reform, pension fund investment aims to tackle the challenge of an aging society and facilitate a fair and sustainable pension scheme.
 
Between January and June this year, the revenue of China's pension, unemployment and occupational injury funds totaled 2.65 trillion yuan, up 19 percent year-on-year, while the total expenses stood at 2.15 trillion yuan, up 18 percent.
  • More than 1,200 athletes compete in Tibet traditional sports meet
  • Environmental protection smoothly carried out in Tibet
  • 'International Students Focus on China' comes to Yunnan

E-mail:editor@tibetol.cn |About Us|Contact Us |Site Maps|
Address:3/F, C Tower, RECREO International Centre, 8 Wangjing East Road, Chaoyang District, Beijing 100102, PRC
Tel:13651236230
Copyright by China Intercontinental Communication Co., Ltd All Rights Reserved.