Wednesday, 13 May 2009

China's Social Security Fund reports '08 loss

China's national government pension fund, the Social Security Fund, reported its first annual loss in 2008 since its founding eight years ago, losing 6.79 percent on its investments in 2008. The loss mainly reflected last year's A-share market plunge, as the benchmark Shanghai Composite Index tumbled about 60 percent.  Realized gains in 2008 stood at 23.36 billion yuan ($3.86 billion), against a nominal loss of 102.1 billion yuan.

May 13, 2009 9:56:26 PM | Pension Fund

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Michael Huang

Observing to learn China and its relations with the world

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