What is social security trusteeship?

Custody banks are the basis for social security funds to enter the market. They are responsible for keeping the assets of the social security fund, ensuring and supervising that the social security fund or the asset management institution will not operate the assets in the social security fund account illegally, which plays a particularly important role in the safe operation of the fund assets.

Due to the special role of fund custodian in the safe operation of fund assets, the laws and regulations of fund supervision in various countries (regions) have strict requirements on the qualifications of fund custodian, and fund custodian is usually held by professional financial institutions such as commercial banks and trust companies with certain conditions.

Extended data:

Conduct on-site inspection and off-site supervision of custodian banks, and conduct annual evaluation of their custody business, so as to promote custodian banks to strengthen internal control, improve risk management level, meet the requirements of custodian banks, and promote the steady development of China's capital market.

Insurance fund account refers to the account opened by the financial department in state-owned commercial banks for storing and managing social security funds.

The social security fund account will hand over part of the endowment insurance premiums paid by enterprises and institutions to professional institutions for management, so as to maintain and increase the value.

Reference materials? Baidu encyclopedia-fund trusteeship bank