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China’s Social Security Fund made RMB 7.34 bln in 2011

Jun. 15, 2012 (China Knowledge) – China's National Social Security Fund, the country's national pension fund, realized an investment income of RMB 7.34 billion or return of 0.84% in 2011, according to a report released by the National Council for Social Security Fund today.

Last year, the investment incomes sharply decreased by 77.15% from RMB 32.12 billion it made in 2010.

In 2011, the pension fund realized RMB 43.1 billion in income, but registered a loss of RMB 35.76 billion if adjusted in accordance to fair values which gave a net return of RMB 7.34 billion.

The fund had realized a total investment income of RMB 284.59 billion, with an annual return of 8.4% since it was established in August 2000.

As of the end of last year, the fund's total assets had reached RMB 868.82 billion, of which RMB 504.11 billion or 58.02% were direct investment assets and RMB 364.71 billion or 41.98% were placed with trustees for investments.

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