17 February 2020

Guangdong pension fund earns 10 bln yuan, paper says

Guangdong’s 100 billion yuan (US$16.08 billion) pension fund has earned nearly 10 billion yuan in the two years under the management of the National Social Security Fund (NSSF), China Securities Journal reported Tuesday, citing unnamed sources. The annualized yield was 6.73 percent in 2012, higher than the increase in the consumer price index, other media reports said. Chinese regulators are studying Guangdong’s pension investment model to boost the yields of other pensions funds across the country. The provincial government is expected to keep the fund under NSSF management, the report said.

– Contact HKEJ at [email protected]