把握利率下行投资机会，2024年地方养老基金投资收益超千亿

Core Viewpoint - The National Social Security Fund Council reported that in 2024, local pension funds generated investment returns exceeding 100 billion yuan, reflecting a robust investment strategy and positive market conditions [1][2]. Group 1: Pension Fund Performance - In 2024, the total assets of the basic pension insurance fund reached 28,396.52 billion yuan, with total liabilities of 5,046.49 billion yuan, resulting in total equity of 23,350.03 billion yuan [2][3]. - The local pension fund achieved an investment return of 1,056.88 billion yuan, with an investment return rate of 5.52%, and a cumulative investment return of 4,123.59 billion yuan since its operation began in December 2016 [3][4]. - The risk fund, which started operations in 2023, reported a return of 3.32 billion yuan in 2024, with a return rate of 3.46% [3]. Group 2: Investment Strategy - The Social Security Fund Council adopted a flexible investment strategy, focusing on early investments to capture returns, while maintaining a stable equity exposure in the stock market [2][3]. - The investment strategy includes a comprehensive asset allocation system that encompasses strategic and tactical asset allocation, as well as asset rebalancing [3]. Group 3: Fund Contributions and Growth - In 2024, local pension funds received net contributions of 4,055.44 billion yuan, with significant contributions from both enterprise employees and urban residents [4][5]. - The total number of insured individuals in the basic pension insurance system reached 1.072 billion by the end of 2024, with a participation rate exceeding 95% [5].