Summary
[CSRC: Hurry up to issue relevant rules and regulations for personal pension investment in public funds]Lin Xiaozheng, head of the Securities Fund Institutional Supervision Department of the China Securities Regulatory Commission, said on April 25 that the recent release of the State Office’s “Opinions on Promoting the Development of Personal Pensions” marks the The top-level system of the third pillar of my country’s pension system has been formally established. In the next step, the China Securities Regulatory Commission will conscientiously implement the spirit of the “Opinions” and, under the overall guidance of the Ministry of Human Resources and Social Security, will promptly introduce the relevant rules and regulations for personal pension investment in public funds. (China Securities Journal)
SFCsecuritiesfundLin Xiaozheng, head of the Institutional Supervision Department, said at the State Council’s regular policy briefing on April 25 that recently, the State Office’s “Opinions on Promoting the Development of Personal Pensions” (hereinafter referred to as “Opinions”) were released, marking the third pillar of my country’s pension system. The top-level system was formally established. In the next step, the CSRC will conscientiously implement the spirit of the “Opinions”. Under the overall guidance of the Ministry of Human Resources and Social Security, we will promptly introduce relevant rules and regulations for personal pension investment in public funds, improve the industry infrastructure platform, and continue to strengthen the supervision of institutions and practitioners. Efforts shall be made to improve the investment management ability and standardized operation level of managers, strengthen investor protection, effectively ensure the safe and standardized operation of pension investment, and promote the high-quality development of personal pensions.
Lin Xiaozheng pointed out that the “Opinions” respect individual investment choices and adhere to the market-oriented investment operation of individual pensions, which is conducive to giving full play to the functions of financial institutions and financial products. Judging from overseas mature experience, individual pensions can provide more pension reserves for residents. At the same time, participating in the capital market through financial products can share the development dividends of the real economy.Over the years, the CSRC has been based on serving the overall situation of national pension security, strengthening the capital market and multi-level and multi-pillar pension.Insuranceconnection of the system. Steadily promote the deepening reform of the capital market, strive to build a market environment in which long-term funds such as pensions are willing to come and can be retained, focus on improving the quality of listed companies, improve and perfect the investor protection mechanism, and severely crack down on financial fraud and other violations of laws and regulations, the capital market expects The stability has been significantly enhanced, and the market ecology and market structure have been improved in an orderly manner. Over the years,social securityFund, basic pensionInsuranceFunds, annuity funds and other long-term funds have actively participated in capital market investment and have also achieved good long-term returns.
(Article source: Chinasecuritiesnewspaper)