Pension funds are operated centrally in a market-oriented manner. The provincial government collects all the investable pension funds into the provincial social security account, and entrusts the pension fund management institution authorized by the State Council to invest and operate.
The investment operation of the fund adopts a diversified way, and diversified assets are allocated through portfolio schemes to maintain a reasonable investment structure. Currently only investing in China; Strictly control the types of investment products, mainly mature investment products; Reasonably determine the investment proportion of various investment products, and the total amount of equity products such as stocks shall not exceed 30% of the net asset value.
The state gives special policy support to the investment and operation of pension funds, and ensures the long-term stable income of pension fund investment by participating in major national projects and major projects and participating in the restructuring and listing of key state-owned enterprises.