SHANGHAI :
China Invests USD27 Billion of Its Endowment Insurance Fund
Xu Wei
DATE:  Nov 01 2017
/ SOURCE:  Yicai
China Invests USD27 Billion of Its Endowment Insurance Fund China Invests USD27 Billion of Its Endowment Insurance Fund

(Yicai Global) Nov. 1 -- Beijing, Anhui and seven other Chinese regions have signed contracts with the China's National Council for Social Security Fund to pump CNY430 billion (USD65.1 billion) into the nation's pension fund, CNY180 billion (USD27.21 billion) of which has already been invested, Lu Aihong, deputy inspector for the Policy Research Division under the Ministry of Human Resources and Social Security, said in a press briefing on Nov. 1.

From January through September this year, the total income of the endowment insurance, medical insurance, unemployment insurance, employment injury insurance and maternity insurance funds reached CNY4.7 trillion (USD710.5 billion), an increase of 37.7 percent from a year earlier, Lu said. Total expenditure was CNY4.02 trillion, up 34 percent on the previous year.

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Keywords:   MOHRSS,Pension Fund,Endowment Insurance,Insurance