Pension fund reaps
By Winny Wang |
May 8, 2010, Saturday
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Print Edition
Print Edition
CHINA'S social security fund earned 85 billion yuan (US$12.45 billion) from its investments in mutual funds last year, compared with a 39 billion yuan loss in 2008.
The national pension fund made an investment return of 16.12 percent last year, compared with a negative return of 6.79 percent in 2008, according to its annual report.
The fund has earned 244.86 billion yuan from investments since its establishment in 2000 with an average annual return rate of 9.75 percent. The fund managed 776.62 billion yuan by the end of last year.
The national pension fund made an investment return of 16.12 percent last year, compared with a negative return of 6.79 percent in 2008, according to its annual report.
The fund has earned 244.86 billion yuan from investments since its establishment in 2000 with an average annual return rate of 9.75 percent. The fund managed 776.62 billion yuan by the end of last year.
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