Social Security Fund 1 billion dollar layout overseas stock market

Shampe internal and external investment, both hands must be hard-as a professional institutional investors, the National Social Security Fund Council (hereinafter referred to as "Social Security Fund Council") is in action.　　In early June, Dai Xianglong, chief executive of the Social Security Fund, said in Tianjin that the Social Security Fund was about to start hiring a new round of fund managers in the country through due diligence and to open a selection scheme.　　In this respect, Social Security Fund Council relevant department head recently revealed that the fund managers choose the scope for the National Development and Reform Commission approved industrial funds and the registered Equity investment fund; On the selection criteria, the fund performance, Investment vision, project judgment and industry reputation will be considered, the comprehensive judgment. Meanwhile, a new round of overseas investment by the Social Security Fund is poised to be made.　　The Council of the Social Security Fund has recently "made a loan" of about $1 billion trillion, entrusting the distribution of 10 overseas investment managers selected globally last year, according to a person familiar with global investment. "The Social Security Fund Council has been waiting for a market opportunity to invest in the market after last year's hiring, thanks to its cautious approach.　　He explains the timing of the lending. Or in response, Dai said at the third China Enterprise International Financing Fair that the importance of expanding foreign investment was mentioned. "China should actively expand foreign investment while continuing to attract foreign capital and improve the level of foreign capital utilization," he said. China will gradually transition from a big country that exports goods to a country that exports large amounts of capital at the same time.　　"The upcoming public selection process, the standard in the previous Tianjin forum, Dai said, recently through internal discussions, the Social Security Fund Council will select 3-5 fund managers, the total amount of commissioned funds to reach 10 billion yuan."　　Around the investment circle the most concerned about the draft standards, Dai said, referring to the forthcoming National Development and Reform Commission formally issued the "Equity investment fund approach", the Social Security Fund Council entrusted to the management of the selection procedures and standards are now complete, and will be prior to the public. "How to choose a project, how to conduct a survey, how to negotiate business, how to finally confirm the signature, signed investment in how to manage, until finally the money back, the process has formed a complete set of procedures." "said Dai.　　In addition, he hopes to further expand the selection to provincial-level record-approved equity investment funds. "The recruitment of domestic fund clients is now fully in the busy state." The director of the relevant Department of Social Security Fund Council said that the selection process is not easy.　　In his eyes, these industry funds approved by the NDRC and the registered Equity Investment fund, and the Social Security Fund Council are equal partners. Social Security Fund Council draft will set off a round of the fund's clients compete for spectacular scenes.　　At present, the Social Security Fund Council has commissioned the domestic two large equity fund Ding Hui and Lenovo Hong Yi, the two each bear 2 billion yuan of the appointment limit. "It also proves that the operation will be more transparent if the selection method is to be published." "Lenovo Hong Yi Investment Consultants Limited company president Hony said." Referring to the cooperative experience, he said: "In particular, the cooperative model and the right to entrust fundsDecentralized, the Governing Council fund model has been in place.　　Hong Yi investment insiders revealed that Hong-Yi Investment and Binhai Venture investment in a project, the project is awaiting approval of the Social Security Fund Council. In addition, CITIC Capital Holdings Limited CEO Zhang also suggested that the Social Security Fund Council should be expanded to entrust investment fund operation Scale.　　As early as this year, he has publicly indicated that he is discussing with the Social Security Fund Council the establishment of private equity funds focused on mergers and acquisitions. Overseas "lenders" 1 billion US dollars Meanwhile, the Social Security Fund Council has not slowed down its steps to expand offshore funds.　　Recently, it has sent about 1 billion dollars to the new round of foreign fund managers appointed last year. "Compared to last year, the new round of foreign investment managers after the end of the market turmoil, the current investment situation is basically stable, so delegated to the fund management company's investment funds have been in place."　　"A person familiar with global investment in the Social Security Fund Council told our correspondent that at present, each manager gets an investment amount of about 100 million dollars."　　The 2008 selection since the end of May, commissioned the type of products for China's overseas equities, Asia-Pacific (excluding Japan) stocks, emerging market equities, European equities, the global stock positive type 5 categories. After the baptism of financial turmoil, the list of overseas investment managers quietly change. "In the crisis, we have a conservative attitude towards the funds of the original overseas managers who have bigger financial problems."　　"Confirmed by this person, the selected 10 overseas investment managers, including the French Axa, the United Kingdom Currie, Fidelity Investment, Germany Schroeder Investment, the United States, Barclays, Pacific investment, the Bank of New York Mellon and so on."　　In fact, as early as 2006, the Social Security Fund Council commissioned 10 overseas investment managers to invest abroad, respectively, Invesco Investment, the company, Germany Shengan, Axa Rosenberg Investment, Pui Lai, June Lida, Tao Fu Global Investment, PIMCO, Rowe Asset Management, UBS Global/China International Finance Corporation.　　Currie, a "dark horse" of foreign managers killed in the crisis, is now around $13.2 billion trillion in global asset management as of March 31, while last year's pre-tax profit growth remained at 27% per cent in the state of crisis.　　Another obvious change is that this year's asset management rates have plummeted to 0.5%-0.7%% levels, according to a person familiar with global investment at the Social Security Fund Council. "In the financial crisis, especially for the larger asset management charge of the decline in management fees are very large, management fees from the market price of management assets in accordance with the 1% charge down to half the level, is also normal."　　"Asia Alternative managing director Xu Hongjiang said.　　As one of China's biggest institutional investors, does the Social Security Fund now make sense to judge that the global investment market has bottomed out? "Overseas investment is a very long process," Dai said in response to a reporter's reference to overseas investment forecasts. "actively developing overseas investment, gradually increasing the scale of investment, has been the Daiadhere to the direction of investment. Dai expressed his current view in Tianjin, "whether the US economy is to be recovered by the end of the year or the first quarter of the next, we can see that the recovery in the United States is slowly coming." There will also be new adjustments to the world economic landscape. "Dai believes that the best way to ease the pressure on foreign exchange reserves is to expand foreign investment and adjust the balance of payments." In addition, there is a need to promote the convertibility of capital projects to gradually expand outward investment.