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.
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.
Personal pension investment needs to pay attention to three factors
When the funds with tax incentives enter the personal pension account, the real long-term funds come. Because this part of the funds can't be collected until after retirement, investors can better bear the fluctuation risk in the investment process, so as to obtain the income from taking risks. When individuals accumulate future pension reserves for themselves, they need to pay attention to three key elements:
First of all, we must adhere to the practice of long-term investment and regular investment. Long-term investment is to take risks at the expense of short-term liquidity demand in order to seek higher relative returns; The fixed investment plan can be bought in batches through "a small amount of spare money", which not only ensures that the current living standard is not affected, but also disperses the buying cost and avoids centralized buying at market highs. Through long-term accumulation, we can pursue considerable pension reserves.