China basic pension fund posts 0.33% investment gain in 2022 By Reuters

<p> <br />
</p>
<div>
<div>
<img decoding="async" alt="China basic pension fund posts 0.33% investment gain in 2022" id="carouselImage" src="https://i-invdn-com.investing.com/trkd-images/LYNXMPEJA300U_L.jpg" style="visibility:hidden" /><br />
<span>© Reuters. A view of the city skyline, ahead of the annual National People’s Congress (NPC), in Shanghai, China February 24, 2022. REUTERS/Aly Song/File Photo</span><br />
<i class="imgGrad"/>
</div>
<p>SHANGHAI (Reuters) – The basic pension fund managed by China’s social security fund gained 5.1 billion yuan, or 0.33% in 2022, down from a 4.9% gain in 2021, the National Council for Social Security Fund said on Saturday.</p>
<p>The shrink in yield was mainly impacted by deep changes in global economic and political situations and increasing fluctuations in the financial markets, the state investor said in a statement.</p>
<p>China’s stock benchmark CSI 300 lost 21.6% in 2022 and so far this year is down 7.4%.</p>
<p>The basic pension fund manages a total 1.62 trillion yuan by the end of 2022, and has posed an annual average gain of 5.4% since the end of 2016, when the national social security fund started to manage the pension’s investment.</p>
<p>Separately, the national social security fund reported a 5.07%, or 138 billion yuan loss for the year of 2022, it said in a report in September. </p>
</div>
<p><br />
<br /><a href="https://www.investing.com/news/stock-market-news/china-basic-pension-fund-posts-033-investment-gain-in-2022-3222099">Source link </a></p><p>The post <a href="https://forextraderhub.com/china-basic-pension-fund-posts-0-33-investment-gain-in-2022-by-reuters.html">China basic pension fund posts 0.33% investment gain in 2022 By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>