December 11 Afternoon News Chen, director of the Fund Supervision Division of the Ministry of Human Resources and social security, said at the Chinese Fund Pension Fund Investment Forum this afternoon, the pension balance of our country at the end of last year is 920 billion yuan, this year will certainly surpass 1 trillion, expect to have the channel of investment preservation. Chen said the current balance of pensions is mainly for bank deposits and purchases of government bonds. "But for many years no special bonds have been issued to buy the right bonds," he said, noting that nearly 80% to 90% of bank deposits are short-term deposits, with low interest rates and a small value added, which is a big loss if compared to prices. "The accumulation of social insurance funds must be invested in the operation, the previous concern is the misappropriation of pensions and other overt risks, but the hidden risk of devaluation should be noted." Chen said. (Ding from Beijing)
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