© Reuters. A view of the city horizon, ahead of the yearly National Individuals’s Congress (NPC), in Shanghai, China February 24, 2022. REUTERS/Aly Song/File Image
SHANGHAI (Reuters) – The fundamental pension fund handled by China’s social security fund acquired 5.1 billion yuan, or 0.33% in 2022, below a 4.9% gain in 2021, the National Council for Social Security Fund stated on Saturday.
The diminish in yield was primarily affected by deep modifications in international financial and political scenarios and increasing changes in the monetary markets, the state financier stated in a declaration.
China’s stock standard CSI 300 lost 21.6% in 2022 therefore far this year is down 7.4%.
The fundamental pension fund handles an overall 1.62 trillion yuan by the end of 2022, and has actually positioned a yearly typical gain of 5.4% considering that completion of 2016, when the nationwide social security fund began to handle the pension’s financial investment.
Individually, the nationwide social security fund reported a 5.07%, or 138 billion yuan loss for the year of 2022, it stated in a report in September.
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