刚刚， “国家队”最新成绩单来了！

Core Insights - The National Social Security Fund achieved an investment return rate of 8.10% for 2024, despite increased market volatility [2][3][5] - Since its establishment, the fund has maintained an average annual investment return rate of 7.39%, providing solid financial support for social security [3][5] Fund Performance - As of the end of 2024, the total assets of the National Social Security Fund reached 33,224.62 billion RMB, with direct investment assets accounting for 9,485.76 billion RMB (28.55%) and entrusted investment assets at 23,738.86 billion RMB (71.45%) [3][4] - The fund's total equity amounted to 29,128.02 billion RMB, all belonging to the National Social Security Fund [3][4] - The investment income for 2024 was 2,184.18 billion RMB, with realized gains of 436.51 billion RMB (1.64% realized return) and a fair value change of trading assets amounting to 1,747.67 billion RMB [5][6] Income and Expenses - Total income for the year was 228.41 billion RMB, significantly higher than the previous year's 41.07 billion RMB [6] - Key income sources included interest income of 57.30 billion RMB and dividend income of 31.04 billion RMB, while securities price difference income was negative at -55.34 billion RMB [6] - Total expenses were 9.99 billion RMB, down from 16.05 billion RMB the previous year, with management fees and interest expenses being the largest components [6] Investment Strategy - The fund employs a combination of direct and entrusted investment strategies, focusing on long-term, value, and responsible investment principles [7][9] - Direct investments include bank deposits, trust loans, equity investments, and index stock investments, while entrusted investments cover domestic and foreign stocks, bonds, and derivatives [7][9] Risk Management - The fund has established a comprehensive risk control system to safeguard its investment operations, emphasizing a balance between development and safety [9] - The internal control system is designed to enhance compliance and efficiency, while the fund also adheres to sustainable investment principles [9]