Has the pension entered the China stock market?

There are risks in entering the market, so investment needs to be cautious. Since the CSRC does not encourage ordinary people to take their own pension money for stock trading, what is the reason for social security funds to enter the stock market? The question of "who will lose" is doomed to hover over the sky forever, especially when the pension gap is getting bigger and bigger and delaying retirement is put on the agenda. This kind of worry is not unnecessary.

Indeed, it is not unprecedented for pensions and occupational annuities to enter the stock market, and developed countries will also invest huge sums of money in the world, with high returns. However, the risks of China stock market seem to have exceeded the general risks of the stock market-inflation, plunge, short bull and long bear. Not only can it not bear the function of economic barometer, but it often deviates from the fundamentals, more like the ATM of listed companies. It is fortunate that it is so difficult to lose money when the policy market and insider trading are rampant. How can we hope to add value? Furthermore, if inside information is used to realize value-added, is it fair for ordinary retail investors to buy before the surge and run before the plunge?

Thus, compared with general investment channels, the stock market is more risky, especially in China. The National Audit Office has just revealed that the relatives of Xiao Peng, the former deputy general manager of China Southern Power Grid, are suspected of using inside information of several power suppliers for stock trading, and they have not lost money for eight consecutive years, with an average annual yield of nearly 50%. This may be just the tip of the iceberg. If this pest is not eliminated, value investment is a joke. How does the social security fund compete with these stable bookmakers?

But it must be said that even so, not all institutions are losing money. According to public information, in 2006, Goldman Sachs Group, Allianz Group and American Express Company invested US$ 3.78 billion, equivalent to about RMB 29.5 billion, and the cost per share was HK$ 65,438 +0.22. Bank of China has attracted investments from Royal Bank of Scotland, Singapore Temasek Holdings, UBS Group AG AG and Asian Development Bank, with a purchase price of 1.22 yuan of * * * 565438+75 million US dollars (about RMB 40.3 billion). Now these foreign-funded institutions have made a lot of money after reducing their holdings, and they have accepted several times of profits.