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China's SSF yields 84.9b yuan in 2009

(chinadaily.com.cn)
Updated: 2010-03-16 14:46
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China's national government pension fund, the Social Security Fund (SSF), yielded 84.9 billion yuan ($12.44 billion) on its investments in 2009, with a return rate of 16.1 percent, the 21st Century Business Herald reported on Tuesday, citing the National Council for Social Security Fund (NCSSF).

The SSF reported its first annual loss in 2008 since its founding nine years ago, losing 6.79 percent on its investments.

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Realized gains on its investments stood at 42.6 billion yuan in 2009, NCSSF said.

The SSF's investment yields had amounted to 244.8 billion yuan as of the end of 2009, with an average annual return rate of 9.75 percent. It had total assets of 776.5 billion yuan, an increase of 38 percent from the previous year.

China's SSF is to reach 1 trillion yuan in 2010, said Dai Xianglong, chairman of the NCSSF earlier.
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