Social Security Foundation: Improving the proportion of industrial investment in fund assets

Zhongxin Jingwei, September 27th. The website of the National Social Security Fund Council reported on the 27th. Recently, the Social Security Foundation issued the "Industrial Investment Guidelines for the National Social Security Fund Council" (hereinafter referred to as the "Industrial Investment Guidelines").

Based on the summary of industrial investment management experience, the "Industrial Investment Guidelines" clarified the medium- and long -term development planning of the industrial investment of the Social Security Foundation, clarified the overall requirements, basic principles, key work and guarantee measures of industrial investment, and improved the industrial investment management and operation system Essence

The Social Security Foundation pointed out that since the 18th National Congress of the Communist Party of China, while the Social Security Foundation has ensured the security and value preservation and appreciation, it has served its national strategy and helps high -quality development with actual action, and promoted leapfrog development in industrial investment. As of now, the cumulative investment scale of industrial investment is nearly 300 billion yuan and investment income exceeds 240 billion yuan. Among them, the cumulative investment of direct equity investment exceeds 200 billion yuan. In the investment, it is preferably investment projects that meet the national strategies and the national economy and people's livelihood in key areas such as clean energy, infrastructure, and food security. Market head fund manager cooperation is mainly invested in strategic emerging industries, leveraging about 1.6 trillion yuan in social capital, providing capital support for nearly 6,000 enterprises, in cultivating technological innovation enterprises, promoting industrial structure upgrades, and supporting national development strategies. While making positive contributions, it has achieved good investment income and social benefits.

According to the Social Security Foundation, the "Industrial Investment Guidelines" is divided into four parts and 20 articles in total, which will further serve the national strategy, increase industrial investment efforts, optimize industrial investment strategies, innovate industrial investment models, strengthen operation management, keep risk of jurisdiction, keep risk The bottom line is made clear requirements. The introduction of "Industrial Investment Guidelines" will help enhance the standardized and professional market image of the Social Security Foundation, and better fulfill the main responsibility of ensuring the security and value preservation and value -added; Grasp the new opportunities for China's economic transformation and upgrading, strengthen the new momentum of the national strategy of industrial investment services; help from all walks of life to further understand the concepts, strategies and standards of the social security foundation industry investment, thereby broadening the scope of cooperation and deepening pragmatic cooperation.

In the next step, the Social Security Foundation will take the introduction of the "Industrial Investment Guidelines" as an opportunity to continuously improve the level of industrial investment management and operation. The situation, enhance new kinetic energy.

In addition, the person in charge of the relevant department of the Social Security Foundation answered a reporter from the "Guidelines for Industry Investment Guidelines of the National Social Security Fund Council". The content of the question and answer is as follows.

1. What is the background and main consideration of the Social Security Foundation to formulate the "Industrial Investment Guidelines"?

Answer: Since the 18th National Congress of the Communist Party of China, the Party Central Committee has attached great importance to actively responding to the aging of the population and improving the multi -level social security system, and put forward higher requirements for the real economy of the financial services. As an important asset of investment and operation of the social security foundation, industrial investment plays an important role in serving the country's major development strategy, ensuring the security of the fund, and the value preservation and appreciation. In order to fully and accurately implement the new development concept and further strengthen and improve the industrial investment work of the Social Security Foundation, the Social Security Foundation carefully summarized the industry investment management experience, and studied the "Industrial Investment Guidelines".

The "Industrial Investment Guidelines" is divided into four parts: the overall requirements, basic principles, key tasks and guarantee measures. Twenty of them clarify the medium- and long -term development plan of the social security foundation industry investment, and further improve the industrial investment management and operation system. The introduction of "Industrial Investment Guidelines" will help enhance the standardized and professional market image of the Social Security Foundation, and better fulfill the main responsibility of ensuring the security and value preservation and value -added; Grasp the new opportunities for China's economic transformation and upgrading, strengthen the new momentum of the national strategy of industrial investment services; help from all walks of life to further understand the concepts, strategies and standards of the social security foundation industry investment, thereby broadening the scope of cooperation and deepening pragmatic cooperation.

What are the achievements of the social security foundation industry investment?

Answer: According to the requirements of the regulatory authorities, the Social Security Foundation has carried out industrial investment since 2004, and has achieved good results, especially in the past ten years. As of the end of June 2022, the cumulative investment scale was nearly 300 billion yuan, and investment income exceeded 240 billion yuan. Among them, the cumulative investment of direct equity exceeds 200 billion yuan, investment income exceeds 180 billion yuan, and an annualized investment yield is about 12%; the cumulative investment of equity funds exceeds 80 billion yuan, the investment income exceeds 50 billion yuan, and the annualized investment yield is about 14 14 %.

In direct equity investment, we prefer investment projects that are in line with national strategies and are related to the national economy and people's livelihood. They are represented by the State Management Network, Beijing -Shanghai High -speed Railway and China -Guangzhou Nuclear Wind Power. Essence In the investment of equity funds, we insist on cooperating with the market head fund manager, and mainly invest in strategic emerging industries represented by advanced manufacturing, new energy, new generation of information technology, energy conservation and environmental protection, biotechnology, etc., accounting for more than 56%; investment direction is directed; The proportion of people's livelihood and infrastructure is more than 15%and 12%, respectively. In terms of penetration, the investment of equity funds to pry up social capital exceeds 1.6 trillion yuan, providing capital support for nearly 6,000 enterprises, covering more than 6.6 million employees, 40 national awards, investment promoting more than 370 companies Listing, more than 8%of the number of new listed companies in A -share, achieved good social benefits. 3. According to the "Industrial Investment Guidelines", what are the considerations of the social security foundation for future industrial investment layouts?

Answer: Comprehensive analysis of the situation at home and abroad. At present and in the future, my country's development is still in a period of important strategic opportunities. Industrial investment is very promising in accelerating the formation of innovation capital, support for the transformation of scientific and technological achievements, cultivating scientific and technological innovation enterprises, and promoting the upgrading of industrial structure. In the future, there is huge potential for development. We will accurately understand changes, scientific response, and active changes, and make a new chapter and a new game with a comprehensive and long -term perspective.

The first is to always be "the big of the country" and take the initiative to integrate and serve the national strategy. Focusing on the national "Fourteenth Five -Year Plan" and the outline of the far -reaching target in 2035, continue to optimize the industrial investment strategy and direction, and continuously improve the quality and efficiency of industrial investment services. Support the implementation of major national strategies, help promote key core technology tackling, stable industrial chain supply chain, grain energy security, strategic emerging industries, green low -carbon transformation, and digital economy development.

The second is to explore and develop sustainable investment practice. Explore the establishment of a sustainable investment management system that has both the characteristics of the Social Security Foundation and in line with international standards. Practice the concept of sustainable investment, increase investment in ESG theme funds and related projects, and incorporate environmental, social, governance and other factors into industrial investment due to due diligence and evaluation system. Deepen the practice of active shareholders, promote the improvement of corporate governance structure, and improve the quality of the company.

The third is to gradually increase the proportion of industrial investment and optimize the industrial investment structure. Continue to increase investment in industrial investment and increase the proportion of industrial investment in fund assets. Strengthen the long -term equity investment in the field of national security, the lifeblood of the national economy, and the national planning and people's livelihood, expand the scale of market -oriented equity fund investment, and comprehensively cover different types of managers such as comprehensive, industry vertical, parent funds, special opportunities, etc., and build secondary assets of equity funds. Configuration system.

4. What are the new measures for the social security foundation to improve the investment method of industrial investment?

Answer: We will further improve the industrial investment management mechanism and model of optimizing direct equity investment structure, preferred equity fund partners, and innovative cooperation models.

The first is to optimize the direct equity investment structure. Strengthen long -term equity investment in strategic and basic fields, actively explore new infrastructure project investment opportunities, deepen cooperation with central enterprises and local state -owned enterprises, and actively participate in the restructuring of central enterprises, local state -owned enterprises to restructuring, mergers and acquisitions and reorganizations through various investment methods. Non -public issuance.

The second is preferred equity fund partners. In accordance with the principle of "priority and comprehensive consideration", the establishment of questionnaire surveys, preliminary evaluation, and executive interviews with equity fund managers. Incorporate national funds, market -oriented performance teams, industry leaders, and high -quality enterprises into the scope of cooperation. When carrying out investment cooperation, it pays more attention to performance orientation, especially for investment institutions that have continued excellent performance, legal compliance operations, and good market reputation.

The third is the innovative cooperation model. Give full play to the unique role of equity funds in supporting scientific and technological innovation and the high -quality development of the real economy, and use the professional capabilities, platform advantages and resources of fund managers to explore and carry out investment with investment funds and independent accounts to deepen cooperation with outstanding managers. (Zhongxin Jingwei APP)

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