Social Security Fund strive to scale ultra-trillion within three years
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.
It is known that at the end of 2007 the interests of National Social Security Fund are 414 billion Yuan. Coupled with the entrusted management funds and the grant funds in individual accounts, the Fund’s total assets are worth 516.2 billion Yuan.
Copyright Fund China 2009.
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