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.