Bad A shares make social security huge losses!
According to the recently released Social Security Fund 2022 Annual Report, the overall investment loss of the social security fund in 2022 was 138.09 billion yuan, and the return on investment was negative 5.07%. Because the money in the social security fund is important, it is rare for the social security fund to lose money, which has only occurred twice in the 2008 global financial crisis and in 2018. Moreover, the social security fund does not only buy stocks, its investment ratio is clearly defined: the proportion of investment deposits and treasury bonds is ≥ 50%, and the ≤ of corporate bonds is 10%, and the remaining positions can be used to buy stocks and funds. Deposits, government bonds, and corporate bonds are unlikely to lose money, and only a small part of the money to buy A shares can also lose 5.07%, which means that the loss of investing in A shares is much greater than this figure. In this way, social security may not be used in 2035 [cover face]
