2 Trillion Local Pension Plans To Enter The Market Stocks Outbreak

< p > > since December 15, 2011, < a href= "http://www.91se91.com/ >" SFC "/a > chairman Guo Shuqing publicly put forward the idea of" two trillion yuan balance of local pension insurance to learn the national social security fund to invest in the stock market to get profits ".

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< p > however, the pressure on pension expenditure is increasing.

According to the latest statistics released by the Ministry of human resources and social security, as of the end of September this year, the total income of the five social security (security assured) funds totaled 23198 billion yuan, an increase of 13.7% over the same period last year, while the total expenditure of five social insurance funds totaled 19161 billion yuan, up 20.6% over the same period last year.

It is worth noting that the income of urban and rural social endowment insurance fund is only 150 billion 300 million yuan, an increase of 25.2% compared with the same period last year, while the expenditure of the fund was 106 billion 700 million yuan, an increase of 34.7% over the same period last year.

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< p > recently, Yin Chengji, spokesman of the Ministry of human resources and social security, revealed at the press conference of the third quarter of 2013, "the system of investment and operation of social insurance fund should be accelerated. As a system arrangement, it needs to be designed and demonstrated. At present, it is studying, demonstrating, listening to opinions and improving relevant methods."

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< p > actually, there has been a certain profit in the entrusted investment of the pension.

For example, the National Social Security Fund Council and the Guangdong provincial government signed a trust investment agreement in Beijing in March 19, 2012.

By the end of 2012, the actual investment and operation time of Guangdong was about half a year, and the actual receivable rate was about 3.4%, which was higher than the inflation rate of the same period and earned 3 billion 400 million yuan.

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< p > the responsible person of the Guangdong Provincial Department of Finance said that in 2012, the social insurance fund of the whole province was in good working condition, with an average annual yield of 3.94%, which was higher than the two-year fixed deposit rate.

In the 2013 social security fund budget, according to the statistics of the implementation of the budget in the first quarter of this year, the cumulative balance of Guangdong social security fund was 537 billion 97 million yuan < /p >

< p > industry insiders say that due to the low replacement rate of pension in China, in the long run, it is necessary to maintain value added to relieve the pressure of pension expenditure.

For example, the income and balance of social security fund in Guangdong has been ranked first in the country for many years.

Previously, the Guangdong social security fund could only deposit banks and purchase treasury bonds, and the yield of funds was usually lower than that of the same period, showing a recessive shrinkage.

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< p > the relevant person in charge of the Finance Committee of the Guangdong Provincial People's Congress believes that the annual yield of the 100 billion yuan pension market is higher than that of the same period, which has opened up a new channel for maintaining and increasing the social security fund.

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< p > it is reported that in addition to Guangdong, at present, Zhejiang, Jiangsu and other provinces and cities pension also has balance.

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Not long ago, P, a person familiar with the matter said, "the internal meeting of ministries and departments such as the Ministry of human resources and social security held in from October 15th to 16th discussed the top-level design of the pension system reform, and invited external institutions to participate in the discussion, including pension investment."

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Earlier on, Li Weimin, deputy director of the fund supervision department of the Ministry of human resources and social security, attended the 2013 China pension International Symposium, saying that for the pension fund investment and operation, according to the State Council's deployment, the Ministry of human resources and social security is carrying out a thematic study with relevant departments, and has made clear the following three principles to be followed: safety first, access to income and diversified investment. P

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< p > at present, not only the investment channels of pension fund are too narrow, but also the proportion of enterprise annuity investment and stock market has become an obstacle to maintaining value and increasing value.

Recently, Yang Jian, director of the financial information center of Renmin University of China, said in an exclusive interview with the Securities Daily reporter that in fact, the investment of enterprise annuity trustee managers is passive, and the principle of profit after bad should be implemented.

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< p > the Ministry of human resources and social security fund supervision department recently released the 2013 two quarter national enterprise annuity business data summary, as of the two quarter of this year, the actual investment operation amount totaled 516 billion 140 million yuan, the actual investment operation fund in the first quarter was 490 billion 567 million yuan, the growth rate was 5.21%.

However, the investment income in the two quarter was only 3 billion 118 million yuan, which was 7 billion 519 million yuan in the first quarter and 58.53% in the annulus.

This yield is significantly lower than last year's level.

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< p > "the ratio of enterprise annuity investment to stock market funds should be phased out."

Yang Jian believes that the securities and Futures Commission should be supervised by the SFC and the CIRC, and insist on long-term investment and value investment.

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< p > industry generally believe that in the long run, the yield of < a href= "http://www.91se91.com/" > stock market < /a > is relatively high.

Investing part of the pension and enterprise annuity funds into the stock market can not only achieve value preservation and increase in value, but also accelerate the capital market governance if the long-term funds such as pensions enter the market.

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< p > < strong > correlation: four aspects of organization layout < /strong > < /p >

< p > since entering the fourth quarter, < a href= "http://www.91se91.com/" > gem > /a > high and low volatility.

In the interview, most of the private equity funds believe that under the circumstances of constant reform, the structural market will continue. However, under the effect of funds, the funds withdrawn from growth stocks will still be invested in related industries that are benefiting from the reform theme. Among them, the health care service industry dominated by the national level has attracted a lot of public private placement funds in recent years.

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< p > it is understood that the health of institutional layout is less than a href= "http://www.91se91.com/" > the old age service industry < /a >, mainly around four aspects.

Under the policy support, the large-scale pension parks will rapidly rise, and the demand for medical monitoring equipment and household medical equipment will be enormous. Two, the concept stocks of private hospitals have been active in recent years. The three is the traditional Chinese medicine industry. The three is the Chinese medicine industry. It is reported that in the health care service, the traditional Chinese medicine advocates "treating diseases without treating diseases", emphasizing the health care function, and having the comparative advantage in the treatment of chronic diseases, and the policy support is also the largest. In addition, some provinces and cities have issued special supporting policies, and their development prospects are recognized by the agencies, especially with unique exclusive Chinese medicine varieties; and the four is the field of pension real estate. First, in the field of medical devices, agencies are expected to

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< p > data released by the State Health Planning Commission's official website recently released from 1 to July show that the average outpatient expenses and hospitalization expenses have increased significantly.

The latest figures also show that the sales volume of some Chinese medicine products has increased significantly in recent years, of which the sales volume and proportion of traditional Chinese medicine injections both increased in Hebei Province in September, and some products increased by more than 45%.

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< p > according to the three quarterly report of listed companies, some pharmaceutical industry listed companies are eye-catching.

Dong'e's donkey hide gelatin (000423, stock bar) three quarterly report shows that the first three quarters of the year's revenue over 50%; Dongbao biological (300239, stock bar) three quarters before the revenue increased by more than 80%, the net profit growth rate as high as 43.98%; Jia Shi Tang (002462, stock bar) revenue growth of over 30%, net profit growth rate is also as high as 41.91%.

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