China's social security fund reports 8.1% investment return in 2024

BEIJING -- China's national social security fund posted an investment return of 8.1 percent in 2024, earning 218.42 billion yuan (about $30.72 billion), according to an annual report released Tuesday.

The National Council for Social Security Fund (NCSSF), which manages the assets of the national social security fund, stated in its report that by the end of 2024, the total assets of the fund had reached 3.32 trillion yuan.

The fund has achieved an average annual investment return of 7.39 percent since its inception, with a total accumulated investment income exceeding 1.9 trillion yuan, according to the report.

An official from the NCSSF stated that in 2024, amid increased external pressures and intensified capital market volatility, the NCSSF has achieved relatively favorable investment performance by focusing on improving its risk prevention and control system, steadily managing fund investment and operations, and earnestly fulfilling its main responsibility for fund safety and value preservation and appreciation.

"After years of exploration and practice, the NCSSF has developed a relatively comprehensive asset allocation system in its investment operations, including strategic asset allocation, tactical asset allocation, and asset rebalancing," the official added.