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The management scale of Huaxia Fund Annuity exceeded 210 billion yuan to help the construction of multi-level old-age security system

Reporter Li Huimin Trainee reporter Ge Yao China Securities News · China Securities Network

China Securities Network News (reporter Li Huimin, trainee reporter Ge Yao) on October 27, Huaxia Fund held the "15th Anniversary of Enterprise Annuity Business and Annuity Development Forum" in Beijing. Tang Jisong, vice president of the China Social Insurance Society, Zheng Bingwen, member of the National Committee of the Chinese People's Political Consultative Conference and director of the World Social Security Research Center of the Chinese Academy of Social Sciences, and other experts and scholars, as well as Li Yimei, general manager of Huaxia Fund, and Sun Bin, deputy general manager, attended the event and delivered speeches.

Li Yimei, general manager of Huaxia Fund, said in his opening speech that in the past 15 years, China's enterprise annuity system has been explored and gradually improved, and great achievements have been made. The accumulation of annuity funds and long-term investment income play an increasingly important role in improving and perfecting the construction of China's multi-level old-age security system and enhancing the well-being of thousands of retirees.

Li Yimei said that Huaxia Fund, as the first batch of enterprise annuity investment managers, has continuously gathered superior resources in the past 15 years, strengthened the capacity building of pension investment, and steadily grown into an important force in China's annuity industry. As of the end of September this year, the scale of pensions managed by Huaxia Fund exceeded 340 billion yuan, of which the scale of annuity business has exceeded 210 billion yuan. Huaxia Fund serves nearly 200 corporate annuity customers, of which long-term enterprise annuity customers who have cooperated for more than 10 years account for more than 50%. As of the end of the second quarter of this year, the cumulative weighted yield of the enterprise annuity fund managed by Huaxia Fund reached 263.08%, far higher than the market average of 175.49% in the same period, and the cumulative investment income of the enterprise annuity client was more than 50 billion yuan. In terms of occupational annuity, Huaxia Fund has achieved all the shortlisted bids in the first round of investment manager selection in 33 occupational annuity overall plans across the country, achieving "full coverage" of occupational annuity business.

Li Yimei believes that in the future, the annuity industry will become one of the largest, fastest growing and most promising businesses in China's pension market. She said that in the future journey of the annuity cause, Huaxia Fund will not change its original intention, move to the new, and strive to return the trust of the annuity client with excellent performance, steady risk control and efficient service.