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National pension fund reports first ever loss

By Hu Yuanyuan (chinadaily.com.cn)
Updated: 2009-02-24 14:12

Related readings:  National pension fund reports 43% return in 2007  Pension fund to double to 1 trillion yuan  Social security fund assets top US$70b by 2007

The National Social Security Fund (NSSF) suffered a loss of 39 billion yuan ($5.7 billion) from equity investment last year, according to a report in China Securities Journal on Tuesday.

It was the first time the NSSF, which has been renowned for its steady investment strategy, reported a loss in the eight years since its establishment.

Statistics show that from 2003 to 2007, the NSSF realized an average annual yield of 10.7 percent.