China basic pension fund posts 0.33% investment gain in 2022
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 Acquire Licensing Rights
SHANGHAI, Nov 4 (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.
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.
China's stock benchmark CSI 300 (.CSI300) lost 21.6% in 2022 and so far this year is down 7.4%.
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.
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.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
)
Reporting by Shanghai Newsroom; Editing by Michael Perry
Our Standards: The Thomson Reuters Trust Principles.
What is the most important factor in making big money from stock investment?
There is no definitive answer to what is the most important factor in making big money from stock investment, as different investors may have different opinions, preferences, and strategies. However, some common factors that many experts and successful investors agree on are:Patience: Stock investin
What is the fundamental logic of making money from stocks?
The fundamental logic of making money from stocks is to buy low and sell high. This means that you want to buy stocks when they are undervalued by the market, and sell them when they are overvalued by the market. The difference between the selling price and the buying price is your profit.There are
Several General Laws of Stock Market Operation
There are several general laws that govern the operation of the stock market in the United States and other countries. These laws are designed to protect investors, ensure fair and efficient markets, and prevent fraud and manipulation. Some of the most important laws are:The Securities Act of 1933,
How to sell stocks at their highest price
Selling stocks at their highest price is a common goal for many investors and traders, but it is not always easy to achieve. There are many factors that can affect the price of a stock, such as market conditions, company performance, industry trends, news events, and investor sentiment. Therefore, i