According to Article 34 of the Measures for the Administration of Investment in Basic Endowment Insurance Funds: Pension funds are limited to domestic investment. The investment scope includes: bank deposits, central bank bills and interbank deposit certificates; National debt, policy and development bank bonds.
Financial bonds, corporate bonds, local government bonds, convertible bonds (including separately traded convertible bonds), short-term financing bonds, medium-term notes, asset-backed securities and bond repurchase with credit ratings above investment grade; Pension products, listed securities investment funds, stocks, equity, stock index futures, treasury bonds futures.
Extended data
According to Article 35 of the Measures for the Administration of Investment in Basic Endowment Insurance Funds: major national projects and major project construction, pension funds can participate in investment through appropriate means.
According to Article 36 of the Measures for the Administration of Investment in Basic Endowment Insurance Funds, pension funds can make equity investment when state-owned key enterprises are restructured and listed. The scope is limited to central enterprises and their first-class subsidiaries, as well as local leading enterprises with core competitiveness, including state-owned or state-controlled enterprises funded by provincial financial departments and state-owned assets management departments.
According to Article 38 of the Measures for the Administration of Investment in the Basic Endowment Insurance Fund:
Pension fund assets involved in stock index futures and treasury bonds futures trading can only be used for hedging, which shall be implemented in accordance with the relevant provisions of hedging management of China Financial Futures Exchange; At the end of any trading day, the value of stock index futures and treasury bond futures contracts held shall not exceed the book value of the hedging target.