The pension fund needs more support from the government
The pension fund aims to pursue the steady appreciation of pension investment and encourage investors to hold it for a long time. The fund manager adopts a mature asset allocation strategy to rationally control the risk of investment portfolio and market volatility. As a new investment variety, the establishment of the pension fund is undoubtedly a positive for the A-share market.
The CSRC recently approved 14 public funds to establish a pension fund, which has drawn close attention from the whole society. China's public and private funds have been quite large, and the emergence of pension fund not only adds new varieties to the fund team, but also imports fresh blood into the A-share market, and will become a useful supplement to China's pension system. The growing problem of aging will play an important positive role.
In recent years, with the continuous development of China's social and economic level, the problem of population aging that has already appeared in some developed countries has begun to appear in China. Due to historical reasons, the state still has some shortcomings in the pension reserve. Actively seeking the solution to the problem of aging has become an urgent social issue. On the one hand, the state has a responsibility for the issue of old-age care. This responsibility is mainly reflected by the social security fund, but it is limited to the national financial and social fairness requirements, and generally can only meet the minimum requirements for pension. On the other hand, we must use market-based means to enable older people to enjoy a better old-age life. In recent years, in addition to insurance companies actively developing commercial endowment insurance, some commercial organizations have also developed a variety of pension products, which are welcomed by investors and the elderly. This "two-legged walk" through the government and marketization can basically meet the elderly's needs for the elderly and reduce the pressure on the society from the problem of aging.
The pension fund is a mature market-based pension product in the world. Many elderly people in developed countries such as Europe and the United States receive dividends from the fund when they are young, and they have passed the relatively good pension. life. The pension fund aims to pursue the steady appreciation of pension investment and encourage investors to hold it for a long time. The fund manager adopts a mature asset allocation strategy to rationally control the risk of investment portfolio and market volatility. As a new investment variety, the establishment of the pension fund is undoubtedly a positive for the A-share market. Although the pension fund is not all invested in the stock market, the stock market is also a key direction of its investment, and because of its own investment requirements, it is suitable for long-term investment after entering the stock market. After entering the market, it can lock a considerable part of the chips. The scale of the fund has gradually expanded, and it can play the role of “ballast stone” in the market.
However, we should also clarify that the establishment of a pension fund in China is mainly aimed at helping the elderly to live a comfortable old-age life through market-based means. To achieve this goal, the pension fund must be available in the market. Have a good profit. However, in terms of the current investment market, the pension fund needs to provide more support if it wants to achieve the desired profit.
In the Chinese market, the pension fund is still a new thing. Investors need a process of understanding, but without the support of investors, the issue of pension fund may face difficulties. If there is not enough subscription, the pension fund It cannot be established and cannot be operated. However, since the pension fund is involved in the future social concerns of aging, it is necessary for the government to take certain measures to help it issue smoothly. For example, the government can encourage enterprises and institutions to purchase this fund for employees, and the funds for purchasing funds are exempted from value-added tax as the cost of the enterprise. This can also receive the effect of government tax reduction.