Dai calls for relaxation of Social Security Fund investment

May 21 pm Dai Xianglong, chairman of the National Social Security Fund Council, called for a relaxation of the investment scope of the Social Security Fund in the 2010 China Equity Investment Fund Development Forum today. Currently, the Council of the Social Security Fund nearly 800 billion of the funds, its investment in PE, the maximum limit of 10%. However, the required investment targets must be approved and approved by the National Development and Reform Commission fund management companies.　　Dai said the restrictions should be relaxed to allow investment in some municipalities. Wang Zhongmin, vice president of the National Social Security Fund Council, said today that the future Social Security Fund will expand the size of funds, investment in PE will also expand the total amount of capital.　　He explained that the current Social Security Fund is mainly financed by financial allocations, into the state-owned equity and Social Security fund balances.　　For the current equity funds to develop a high fever, Dai warned, to adhere to the basic functions of equity investment funds, can not be distorted. "If you turn an equity investment fund into a couple of big projects, it's called an investment company," he said.　　In addition, the general infrastructure, local investment and financing platform should not be the focus of equity investment direction, "he said. Dai pointed out that the Equity investment fund in the initial stage of development, should adhere to small and medium fund investment. 5 billion yuan below the scale. (Ding from Beijing)