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China's Pension Fund Totaled More than RMB 700 Billion

03-16 16:37 Caijing
China's social security fund saw a return on investment of 16.1 percent last year

The National Social Security Fund Council said in its bulletin on March 15 that as of the end of December 2009, the funds managed by the council has totaled to 776.5 billion yuan last year, up 38 percent from the same time a year earlier. The fund posted a 16.1 percent rate of return on its investments.

In 2009, the State Council and relevant departments managed to increase 82.59 billion yuan in pension funds, of which, 64.77 billion yuan was acquired from reducing or selling state shareholding.

By optimizing its investment structure, the fund saw a return on investment of 16.1 percent in 2009 with a realized profit of 42.26 billion yuan.

As of the end of last year, the fund's annual rate of return averaged 9.75 percent, with equity earnings totaled to 244.8 billion yuan.