GUANGZHOU (Fund China) – According to the latest National Social Security Fund Council, the third member General Assembly news, the National Social Security Fund in 2007 with the surrender of a report, and a realized gain of 108.4 billion yuan the year, achieving 38.9% yield; operating results of 145.3 billion yuan , and operating income rate of 43.2%, Chairman of the National Social Security Fund Council, Dai Xianglong, this boils down to select proper investment strategy operators, and the stock market last year, with the sharp rise.

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GUANGZHOU (Fund China) – The third member General Assembly of National Social Security Fund Council was held in Beijing. In the first meeting, it was pointed out that there would be a need to replenish the national social security fund, further expand their capital size and expand direct investment and equity investments of the fund in the finance, transportation, energy and other key projects. A goal has been set that by the end of 2010 the National Social Security Fund size will be over 1 trillion Yuan with an average annual rate of return over the same period rate of inflation.

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GUANGZHOU (Fund China) – Keepping a fortis financial supervision on the agriculture, environmental protection, social security, medical care, education and other relations in the people’s livelihood will be one of the most important issues for the Audit Commission next year.

HFs with no big problems

Li Jinhua, Auditor-General of the National Audit Office yesterday in the opening of the national audit work conference said that the audit should pay close attention to financing closed related to the public’s interest.

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GUANGZHOU (Fund China) – Informed sources yesterday confirmed to Fund China reporter, the Social Security Fund is planning private equity investment company; This year, the investment of the Social Security Fund and the United States has well-known private equity firms were contacted, but has not yet reached any substantive agreement related issues from social security funds overseas investment division.

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China is likely to allow financial institutions to invest individual pension funds in more fields with market risks, including securities fund products, in a bid to increase their value, a Ministry of Labour and Social Security (MLSS) official has revealed.

The authorities have completed the procedure of soliciting public opinions and will submit a draft to the State Council soon, said Chen Liang, a MLSS department director.

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The Shanghai authorities have pledged to make details about the city’s social security fund easily accessible to the public in the wake of the huge pension fund scandal that brought about the downfall of Chen Liangyu, the city’s party boss.

Bao Danru, deputy chief of the Shanghai Municipal Labor and Social Security Bureau, said information about the fund such as its annual earnings, total expenditure and subsidies, will be made public on its website or through regular news briefings.

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According to Xinhua reports, July 6, the Ministry of Labor and Social Security Vice Minister Liu Yongfu said, strive to the end of the National Pension Insurance Fund revenue collection of over 600 billion yuan.

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According to the Beijing urban residents throughout the country — the basic medical insurance working conference July 23 to 24 in Beijing convened. On the 23rd afternoon, the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council Wen Jiabao attended the meeting and delivered an important speech. Member of the Political Bureau of CPC Central Committee, vice premier of the State Council, Chinese urban residents basic medical insurance, head of the inter-ministerial meeting Wu Yi attended the meeting and made a speech.

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Beijing recently launched the “Love Conservation Foundation — well-intentioned actions” will finance 100 elderly stent for coronary heart disease Surgical treatment.

“Love Conservation Foundation,” also from Beijing received a medical equipment company donated the value of about 600 million 522 stent, used for coronary artery disease stent surgery.

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The National Council for Social Security Fund signed a trusteeship agreement with the Industrial and Commercial Bank of China (ICBC) in Beijing Friday.

Following the Bank of Communications and the Bank of China, the ICBC becomes the third entrusted bank of the National Social Security Fund.

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