Lou Jiwei, chairman of the Social Security Fund Council, said that the National Social Security Fund Council manages two funds, the largest of which is the National Social Security Fund, which is a financial allocation, and has exceeded 1.6 trillion by the end of last year; The second part is relatively small, which is the phased balance of the endowment insurance fund. At present, contracts have been signed with seven provinces and cities, and 36 billion yuan has been entrusted for management, and now it has reached 137 billion yuan.

For the social security fund, Lou Jiwei said that because there is no deadline, it can tolerate greater annual fluctuations to achieve better long-term returns; The endowment insurance fund is entrusted by all walks of life, with a time limit and a relatively low rate of return.

Lou Jiwei said that no one can guarantee that he will only make a profit and not lose money, only that he will not lose money under what probability. The probabilities set by the two funds are 9% and 95% respectively.

Lou Jiwei also introduced that social security funds have been in the market for more than ten years, but the proportion of investment in stocks is relatively small. The funds entrusted by the pension funds come from the phased balance of the insured, and the proportion that can be invested in stocks is less. "If the trustee has a commitment to the client, the general entrustment period is 5 years. If there is a big loss, it is not balanced, so it is conservative."