© Reuters. A view of town skyline, forward of the annual Nationwide Folks’s Congress (NPC), in Shanghai, China February 24, 2022. REUTERS/Aly Track/File Photograph
SHANGHAI (Reuters) – The fundamental pension fund managed by China’s social safety fund gained 5.1 billion yuan, or 0.33% in 2022, down from a 4.9% acquire in 2021, the Nationwide Council for Social Safety Fund stated on Saturday.
The shrink in yield was primarily impacted by deep adjustments in world financial and political conditions and growing fluctuations within the monetary markets, the state investor stated in an announcement.
China’s inventory benchmark CSI 300 misplaced 21.6% in 2022 and to this point this yr is down 7.4%.
The fundamental pension fund manages a complete 1.62 trillion yuan by the top of 2022, and has posed an annual common acquire of 5.4% because the finish of 2016, when the nationwide social safety fund began to handle the pension’s funding.
Individually, the nationwide social safety fund reported a 5.07%, or 138 billion yuan loss for the yr of 2022, it stated in a report in September.
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