Dai: The Social Security scale reaches 1 trillion next year

In the first half of this year, Social Security Fund equity investment rate of return for 9.99% CFP information Morning News The National Social Security Fund Council chairman Dai Xianglong, held in Wednesday in Shanghai, the second China Industry International Competitiveness Forum said that the total assets of the Social Security Fund is expected to reach 750 billion yuan, next year to 1 trillion yuan,　　There will be 100 billion yuan invested in PE/VC (private equity funds and venture capital). According to Xinhua, Dai also said that the state-owned shares will increase the Fund for Social Security funds 800 million yuan, now has 300 million yuan in place.　　It is still under study whether the state-owned stake-holders transfer to social security has been exempted. In addition, Dai pointed out that China, Russia and other emerging markets and oil countries want the dollar to remain stable, but the stability of the dollar remains a problem, "after the economic crisis, [international] financial reform and economic division of Labor will change, it is inevitable, long-term."　　The global monetary system will shift from a dollar monopoly to a currency dominated by the dollar, the euro and Asia, but it needs a process.　　He also disclosed that eight private equity funds are currently applying to the Social Security Fund, in the hope of gaining investment, and the Social Security Fund has conducted due diligence on three of them. The Social Security Fund was approved at the beginning of 2008 to invest not more than 10% of its total assets in industrial funds approved by the National Development and Reform Commission and in the market-oriented equity investment fund filed at the NDRC.　　The Social Security fund previously invested 2 billion yuan in China's CDH investment Hongyi investment in its respective RMB funds.　　It is reported that IDG capital of the United States earlier pointed out that the company considered the next year before the establishment of a 4 billion Yuan fund, the Social Security Fund for one of the potential investors. As of June 30, the total assets of the Social Security Fund over 660 billion yuan, the first half of the equity investment of 51.2 billion yuan, equity investment rate of return of 9.99%.