China's social security fund worth 856.8b yuan by 2010
Updated: 2011-03-16 09:43
BEIJING - The total assets of the fund managed by China's National Council for Social Security Fund (SSF) reached 856.8 billion yuan ($130.35 billion) by the end of 2010, up 10.32 percent year on year, an SSF official said Tuesday.
The SSF will strengthen its capability to identify, measure and ward off potential risks, and, meanwhile, seize investment opportunities to maximize the fund's earnings, said Dai.
The fund was designed to serve as a solution to the country's aging problem and as a strategic reserve to support future social security expenditures.
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