On July 22, at the press conference of the Ministry of Human Resources and Social Security for the second quarter of 2021, spokesperson Lu Aihong said that as of the end of June, all provinces have launched the 2021 basic pension.InsurancefundEntrusted investment work, the scale of entrusted funds is 1.25 trillion yuan, and the amount received is 1.09 trillion yuan.Realize pensionInsuranceThe entire process of fund investment operation supervision system functions is handled online.
According to data released by the Ministry of Human Resources and Social Security, as of the fourth quarter of 2020, the basic pensionInsuranceFund entrusted investmentcontractThe scale is 1.24 trillion yuan, and the amount received is 1.05 trillion yuan. Therefore, in the first half of this year, the scale of entrusted funds of the basic pension insurance fund increased by 10 billion yuan, and the amount of funds received increased by 40 billion yuan.
In this regard, Chen Li, chief economist and research director of Sichuan Finance Securities, said in an interview with a reporter from the Securities Daily that in terms of scale, the overall increase in entrusted investment of pension insurance funds this year is not large, but overall, the scale is present. A steadily rising trend.
Chen Li said that according toSocial securityThe public data of the fund shows that in 2017, 2018, and 2019, the investment yield of the basic pension insurance fund was 5.23%, 2.56%, and 9.03%, respectively, which realized the preservation and appreciation of funds. At present, the construction of the domestic capital market is becoming more and more complete, and the domestic economy is rising steadily. Under the premise of ensuring safety, the investment ratio of the securities market can be appropriately increased to obtain better benefits.
Lu Aihong emphasized to do a solid job in social security fund investment and risk prevention and control, and continue to promote the expansion of pension insurance fund investment and operation scale.
Tian Lihui, Dean of the Financial Development Research Institute of Nankai University, told a reporter from the Securities Daily that at present, the scale of my country’s first pillar is considerable, but the second and third pillars still have shortcomings. As the second pillar, the enterprise annuity and occupational annuity systems are still being gradually improved. At present, my country still needs to reduce the cost of annuity management, simplify the procedures for setting up small and micro enterprise annuities, and stimulate the enthusiasm of participants to effectively increase the coverage of enterprise annuities. The third pillar of the personal pension system should be introduced quickly to meet diverse needs, better guarantee the happy life of the elderly, and accelerate the marketization of the pension system.
In Chen Li’s view, due to the special nature of the basic pension insurance fund, the safety of its investment must be guaranteed. On the one hand, it is necessary to improve the risk assessment mechanism for investment projects and have a full understanding of investment projects or companies; on the other hand, it is necessary to improve the risk assessment mechanism for investment projects; On the one hand, diversified, multi-market diversified investment methods are used to prevent possible risks.
“It can be predicted that the investment scale of the basic pension insurance fund is expected to continue to expand in the future, and there will be moreCash flowTo the A-share market. “Chen Li said that the current basic pension insurance fund is managed by the social security fund. From the perspective of the investment style of the social security fund, the basic pension insurance fund invests a large proportion in traditional industries. However, from the social security fund’s increase in the science and technology board in the first quarter of this year It can be seen that the basic pension insurance fund is gradually attaching importance to the investment in the science and technology innovation board.
Tian Lihui said that expanding the investment scale of the basic pension insurance fund will bring long-term funds to the A-share market to implement the concept of value investment, help the institutionalization of A-shares, and form a slow bull pattern.
(Source: Securities Daily)