Not only that, Dai Xianglong, president of the National Social Security Fund Council, has repeatedly said in public recently that he suggested that the social security pension fund be put into operation, especially at the just-concluded two sessions. Dai Xianglong also said that in the "Twelfth Five-Year Plan", it is necessary to actively and steadily promote pension investment and operation.
Social security funds are famous for their accurate bargain-hunting and escape from the top. Dai Xianglong once said that in fact, the real meaning of pension entering the market lies in "investment" and "operation", not just short-term cashing in the stock market, which is also an international practice.
Dong Dengxin, director of the Institute of Finance and Securities of Wuhan University of Science and Technology, said that China's local endowment insurance funds have officially crossed the "controversial stage" and have been put into practice. As the first cooperation case, Guangdong has an important demonstration effect. In the case of high CPI and negative deposit interest rate, it is a useful attempt for local social security funds to enter the market and focus on investing in fixed-income products. It is believed that with the favorable attempt of Guangdong pension entering the market, some economically developed provinces will also start the process of pension entering the market.
The data shows that by the end of 20 1 1, the accumulated balance of pensions managed by local governments in China was nearly 2 trillion.
As far as the capital market is concerned, Dong Dengxin emphasized that the entry of pensions into the market is a demonstration effect in the medium and long term, and it is also a major positive for the market. The injection of incremental funds has undoubtedly provided fresh blood for the market.
Dong Dengxin said that it is a trend and direction for pensions to enter the market, and the significance of pensions entering the market is that it can reflect the scale of pensions to a great extent. At present, China's pension reserve is very small, and the gap is relatively large.
Li Daxiao, director of the Securities Research Institute of Ying Da University, said yesterday that local pension funds have opened up channels for pension funds to invest in the stock market by entrusting social security funds, which has increased the buyer's power and is of great benefit to the market.