2016-03-30 14:55
Social Security Fund Act May
[straight news network Beijing March 29 hearing (Beijing times according to the Chinese government network news, of the National Social Security Fund Ordinance has been through February 3, the State Council the 122 executive meeting, is hereby promulgated, the Ordinance since May 1, 2016 implementation. Regulations make clear, the National Council for social security fund is responsible for the management of the national social security fund shall adhere to the security, profitability and long-term principle in the State Council approved the fixed income, equity and unlisted equity and other asset classes and its proportion to the magnitude of the rational allocation of assets.
What are the rules of investment?
Investment adhere to the principle of safety and long-term
Regulations made clear the national social security fund management and operation to follow the relevant provisions. Including, the National Social Security Fund Council should be prudent, prudent management of the national social security fund, in accordance with the proportion of the State Council approved the domestic and foreign market investment operation of the national social security fund. The investment and operation of the national social security fund shall adhere to the security, profitability and long-term principle in the State Council approved the fixed income, equity and unlisted equity and other asset classes and its proportion to the magnitude of the rational allocation of assets.
In addition, the National Social Security Fund Council to develop the national social security fund asset allocation plan, determine the major investment projects, should be carried out wind
Risk assessment, and collective discussion. Risk management and internal control measures should also be established to identify, measure, evaluate, monitor and respond to risk in all aspects of management and operation, and effectively prevent and control risks. The risk management and internal control measures shall be reported to the financial department of the State Council and the social insurance administrative department of the State Council for the record.
What is the responsibility of the manager?
The maximum penalty of 5 times the illegal income
In accordance with the provisions of the Ordinance, the national social security fund domestic investment managers, custodians violation of relevant provisions, the banking regulatory organ of the State Council of the securities regulatory authority under the State Council and shall be ordered to correct, confiscate the illegal income, 1 times less than five times of the illegal gains and impose a fine; there is no illegal income or the illegal gains are less than 100 million yuan, impose more than 10 million yuan to 100 million yuan following a fine; the directly responsible personnel in charge and the other persons who are directly responsible given a warning, suspend or revoke the qualification, impose a 3 million yuan less than 30 million yuan in fines; constitutes a crime, shall be investigated for criminal responsibility.
Ordinance provides that no unit or individual may embezzlement, misappropriation or illegal investment operation of the national social security fund. State Council departments of finance, the social insurance administrative departments according to their respective functions and duties of the national social security fund revenue and expenditure, management and investment operation situation of supervision; discovered the problems shall be dealt with according to law; do not belong to the scope of responsibilities of the departments shall shall be transferred to the foreign exchange administrations under the State Council, the securities regulatory authority under the State Council, the banking supervision and management institutions of the relevant departments.
Background link
The social security fund totaling $15085
The Legislative Affairs Office of the State Council responsible person introduction, in August of 2000, approved by the CPC Central Committee, the State Council set up the national social security fund, as a national social security reserve fund, used to supplement our aging population peak period of endowment insurance and other social security expenditure, adjust, by the National Council for social security fund is responsible for the operation of the management. In 16 years, through financial allocations, the transfer of state-owned capital and continuously enrich the fund, plus investment income, as of the end of December 2015, the size of the national social security fund has been the establishment of 200 billion yuan to develop to 15085.92 billion yuan, the total investment income amounted to 7133.34 billion yuan, an annual investment return rate was 8.82%, over the same period the average annual inflation rate of 6.47 percentage points.
unscramble
And social insurance fund is not the same thing
Legislative Affairs Office of the State Council responsible person said, the regulations of the national social security fund and social insurance fund is not a fund. The national social security fund is the national social security reserve fund, from the central government budget and transfer of state-owned capital, fund investment income and in other ways approved by the State Council to raise funds constitute for aging population peak period of old-age insurance and other social security the supplement and adjust. In the operation of investment, adhere to the principles of security, profitability and long-term; due to the short term does not occur spending, it is more suitable to carry out long-term investment.
Social insurance fund is to protect citizens in old age, disease, unemployment, work injury and maternity cases to obtain material assistance and the establishment of, mainly composed of unit of choose and employ persons and individual pay cost, including the basic endowment insurance fund, fund of insurance of primary medical treatment, inductrial injury insurance fund, unemployment insurance fund and maternity insurance fund for the citizens pension, medical, unemployment, work injury and maternity insurance benefits payment of the current. Therefore, the social insurance fund to control the investment risk is higher, the investment scope is narrow, and the investment operation activities are limited. In August 2015, the State Council issued the "basic old-age insurance fund investment management approach" to the basic old-age insurance fund investment operation made a standard.
According to the losses caused by the responsibility for bill highlights
Wuhan University of science and technology, director of the Institute of Finance and securities dongdengxin analysis, the national social security fund is the reserve fund of national social security, for supplement to the aging population peak period of endowment insurance and other social security expenditure, transfers, is a very serious matter. Is in effective May 1, of the National Social Security Fund Ordinance and prior to the promulgation of the national social security fund investment management Interim Measures ", for the national social security fund provides a complete system of the rule of law.
Dong Dengxin stressed that the promulgation of the national social security fund regulations, although only a short five chapter, but it made clear the nature of the national social security fund, function, operation and management, supervision mechanism and legal responsibility. Where legal liability is a bright spot in the future if there is a violation of relevant regulations, to the national social security fund losses, will also be liable for compensation in accordance with law.
Or become a good medicine to boost the stock market
108 degrees capital founder sawfly said the Ordinance may 1 implementation, which is to regulate the management of the national social security fund, strengthen the supervision to the national social security fund, preserve and increase the value of a big move in the premise of ensuring the safety of the. Which clearly put forward the National Social Security Fund Council should be prudent, prudent management and operation of the national social security fund, in accordance with the State Council approved the proportion of domestic and foreign market investment operation of the national social security fund. This should be a good medicine to boost the stock market.
He said, with regulations for fund investment managers, custodians and other matters further clear, for the entire market norms also plays a key role. Investors in the past, risk control, a variety of investment, but some investment and other knowledge of the understanding, but also for the part of the social security fund to invest in the stock market is full of strong expectations. 3
Original title: the Social Security Fund Ordinance May, the implementation of such assets can be invested in stocks and other assets
Editor: Xiao Shen
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