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CN MOF Studying LT Assessment System of NSSF, Propelling Insurance Funds to Enter Mkt
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Liao Min, Vice Minister of Finance (MOF) of China, said this morning (23rd) at a press conference of the State Council Information Office that the current investment ratio of the National Social Security Fund in stocks and bonds is 4:6. The MOF is working to optimize and improve the investment management system of the National Social Security Fund (NSSF) and revise the management of the NSSF's investments in the realm of the relevant management methods. The Ministry is also endeavoring to refine the investment management system of the NSSF and revise the administrative measures for domestic investment of the NSSF. The revised measures will take into account the latest development of the financial market and optimize the proportion of different investment types, so as to further enhance the investment strength and flexibility of the NSSF. Meanwhile, the long-term assessment system of the investment operation of the NSSF will be improved. Currently, the long-term assessment system of the NSSF is being studied, and the requirements of the long-term assessment mechanism for more than five years will be refined. It is intended that the fund's investment operation will be assessed in terms of risk management, value preservation and enhancement, and other dimensions. Liao Min pointed out that the next step will be to further promote the entry of insurance funds into the market, and revise the long-term assessment system of the state-owned commercial insurance companies. AAStocks Financial News |
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