The process of social security fund entering the market

The basic principle of social security fund investment operation is to realize the appreciation of fund assets on the premise of ensuring the security and liquidity of fund assets. Social security fund assets are assets independent of the board of directors, social security fund investment managers and social security fund custodians. This is the so-called "social security fund" that can enter the stock market.

The process of China social security fund entering the market is as follows:

In August 2000, the National Social Security Fund Council was established.

In July of 20001year, the national social security fund "tested the water" for the first time. 200 1 12, the first meeting of the first Council of the National Social Security Fund was held.

200 1 12 13. The Ministry of Finance and the Ministry of Labor and Social Security promulgated the Interim Measures for the Investment Management of the National Social Security Fund.

From June 5, 2002 to 10, ABN Amro Group intervened in the research of social security fund management in China. In March 2002, the National Social Security Fund Council and Principal Financial Insurance Group of the United States signed a memorandum of training cooperation in Beijing.

On June 27th, 2002, at the "Seminar on Social Security Fund and Capital Market" co-sponsored by China Institute of Policy Science and Credit Suisse First Boston, experts attending the meeting said that it is an inevitable choice for social security fund to enter the market.

At the end of 2002, six fund companies, namely Nanfang, Bosera, Huaxia, Penghua, Changsheng and Jiashi, became the first social security fund managers, with China Bank and Bank of Communications as fund custodians.

In February 2003 10, Gao Xiqing, former vice chairman of the CSRC, became the vice chairman of the Social Security Council, in charge of investment; On March 28th, the State Council officially appointed Xiang Huaicheng as the new chairman of the National Social Security Fund Council.

On April 14, 2003, Shang Fulin, the new chairman of CSRC, met with Xiang Huaicheng at the Social Security Fund Council.

On June 2, 2003, the National Social Security Fund Council signed relevant authorization agreements with six fund management companies, namely Nanfang, Bo Shi, Huaxia, Penghua, Changsheng and Jiashi, and the National Social Security Fund will officially enter the securities market.