China's social security fund must contain risks: Official
BEIJING - Chinese Vice Premier Ma Kai on Tuesday urged the social security fund to improve asset safety and contain financial risks.
At a meeting of the National Council for Social Security Fund, Ma said the council had realized sound investment returns, accumulated investment and management experience and nurtured a number of asset management professionals since its establishment.
To expand the fund, the council should focus on fund safety, maintaining and increasing fund value, Ma said.
The council should also improve management to prevent risk, raise the quality of its personnel and better help the country in tackling the aging problem and improving social security, Ma said.
Set up in 2000, the fund serves as a strategic reserve fund to supplement and adjust the social security spending, such as social insurance spending during the peak time of the aging of population.
- China's social security fund sinks $260m in 12 companies
- China social security fund reports annual investment yield of 8.4%
- Ways have to be found to narrow widening social security fund gap
- Investment returns up for Chinese social security fund in 2015
- Govt issues new regulation to enhance social security fund
