On August 17, 2015, the State Council issued the "Basic Pension Insurance Fund Investment Management Measures", which will come into effect on the date of issuance.
So have pension funds entered the market? Below I have compiled relevant knowledge for you, welcome to read.
Have pension funds entered the market? Pension funds have entered the market through investment and so on.
"Basic Pension Insurance Fund Investment Management Measures" Article 3 The balance of the pension funds of each province, autonomous region, and municipality directly under the Central Government can be determined in accordance with the provisions of these Measures after setting aside a certain amount of payment fees, and then entrusting it to an institution authorized by the State Council for investment operations.
Matters such as the amount of funds for entrusted investment, transfers and transfers back, etc. must be reported to the Ministry of Human Resources and Social Security and the Ministry of Finance.
Article 12 The state shall exercise strict supervision over pension fund investments.
Pension fund investments must strictly abide by relevant laws and regulations. It is strictly prohibited to engage in illegal activities such as insider trading, trading using undisclosed information, and market manipulation. It is strictly prohibited to harm the interests of pension funds and others and obtain improper benefits through related transactions.
No organization or individual may embezzle, embezzle or misappropriate investment and operation of pension funds.
"Guiding Opinions of the China Banking and Insurance Regulatory Commission on Promoting the High-Quality Development of the Banking and Insurance Industries" (9) Give full play to the important role of banking and insurance institutions in optimizing the financing structure.
Banking and insurance institutions must improve the service system that is compatible with the development of direct financing, use a variety of methods to provide supporting support for direct financing, and increase the proportion of direct financing.
Effectively leverage the direct financing functions of financial management, insurance, trust and other products, cultivate value investment and long-term investment concepts, and improve the investor structure of the capital market.
Vigorously develop enterprise annuities, occupational annuities, various health and pension insurance businesses, and promote the effective conversion of residents' savings into long-term funds in the capital market through multiple channels.
All types of qualified investment institutions are encouraged to participate in market-based and legalized debt-for-equity swaps.
Knowledge related to pension market entry: 1. What does pension market entry mean? Pension market entry refers to investing individual account funds in basic pension insurance funds into securities.
Investing pension funds in the market can maintain and increase the value of pension funds, and can also play a role in stabilizing the market.
2. Benefits of entering the market of pension funds: The entry of pension funds into the market can ensure the stable appreciation and maintenance of the fund, because the current income and expenditure funds cannot be used for entering the market, which will not affect the timely payment of current pensions to retired pensioners, and the capital gains brought by this will be far away.
After super-expected pensions entered the market, they mainly focused on investment in fixed-income products, with stock market investment as a supplement, which reduced investment risks and stabilized the capital market. After pensions entered the market, their management accepted the test of market economic rules and effectively corrected the current pension situation.
The shortcomings of the insurance system reduce the pressure on government financial payments. Management under "sunshine" can better promote the openness and transparency of the government's public affairs management, shorten the distance between the government and the masses, and enhance the government's image.