Social Security Fund Paction Assets Loss 35 Billion 700 Million &Nbsp; Pension Market Worries Again.

According to the latest data released by the National Council for social security fund, the investment of the national social security fund in 2011 has reached 43 billion 100 million yuan, achieving a yield of 5.58%. The change in fair value of current assets in the current period is -357 billion yuan, the annual investment income of the fund is 7 billion 400 million yuan, and the investment income rate is 0.85%.

Has always been regarded as

There is a view that since the national social security fund has lost so much,

In 2011, the Shanghai Composite Index has fallen by 21.68%, and the Shenzhen stock index has fallen by 28.41%. In the sharp fall of the market, the national social security fund has not been completely "independent".

An insider told the economic reference daily that trading class assets mainly include stocks and bonds. The change of the fair value of the paction assets of the national social security fund reached 35 billion 700 million yuan, which means that the total floating assets of the paction assets in 2011 decreased by 35 billion 700 million yuan compared with the previous year.

In fact, at a meeting at the end of February, Wang Zhongmin, vice president of the National Social Security Fund Council, also said that nearly 70% of the investment return of the social security fund came from unlisted companies' direct investment and P E investment in 2011. That is why the whole social security fund has achieved positive returns after the national social security fund has dropped sharply in the two market and the investment market has already lost money.

Data show that as of the end of 2011, the social security fund invested and operated total assets of 868 billion 900 million yuan, of which the direct investment assets were 504 billion 200 million yuan, accounting for 58.03%, and the entrusted investment assets were 364 billion 700 million yuan, accounting for 41.97%.

The annual report of the National Council for social security fund in 2010 showed that the total assets of the fund managed by the social security fund amounted to 856 billion 690 million yuan.

The investment income of the fund is 32 billion 122 million yuan, of which 42 billion 641 million yuan has been realized (6.56% has been realized), and the fair value of the paction assets has been changed by -105.19 billion yuan.

The rate of return on investment is 4.23%.

That is to say, the total assets of the national social security fund increased by only 12 billion 210 million yuan in the whole year of 2011, and the rate of return on investment of the national social security fund dropped from 4.23% to 0.85%, and the average annual investment return rate dropped from 9.17% to 8.41%.

Among them, the annual average return on investment in stocks is down to 18.61%.

In proportion to 2011, the social security fund's losses in stocks and bonds accounted for 82.8% of the total income.

All this is due to the sharp fall in the two tier market in 2011.

The National Council for social security fund stressed that the average annual share of the national social security fund was 19.22%, and the annual yield of investment reached 18.61%, which was more than 10 percentage points higher than the cumulative average yield of all funds.

Although the return on stock investment fluctuates greatly, as long as we buy stocks at a reasonable price and stick to long-term investments, we can still get higher returns than fixed income products in the long run.

The social security foundation will sum up the experience and lessons of investing in stocks in the past, and always take a very cautious attitude towards stock investment, so as to ensure long-term stable and better returns.

For the failure of the national social security fund in the two tier market, Li Xunlei, chief economist of Haitong Securities, told the economic reference daily that investment is mainly based on the long term and can not look at the situation of that year.

"Even in the United States, there is a deficit in the pension system.

In the long run, pensions mainly follow value investment, pay attention to long-term returns, or make profits.

He said.

Nevertheless, the large losses of the national social security fund on paction assets still raise concerns among some people.

A voucher businessman told reporters that from the current situation, many local governments are eager to promote the pension market, that is, from the local pension "life saving money" to take part of the stock of funds to invest in the stock market, if there is a substantial loss, will have a significant impact on social security payments.

Earlier, Li Yining, a noted economist, said that social security funds and all other funds were the same.

But this is the life saving money of the common people, so we must have a set of procedures and standardize it, and minimize its risk.

Li Yining said that the social security fund can enter the market, but under such circumstances, the responsibility on the shoulders is great. If the money is lost, it will be scolded by the people, so we must be cautious.