Reward 8.1 percent on investing social welfare funds in China

Beijing, September 30 (IANS). The Chinese Social Welfare Fund released a report on the National Welfare Fund National Welfare Fund operation on Tuesday. According to the end of the year 2024, the total amount of the National Social Welfare Fund was 33 trillion 22 billion 46 Crore 20 Lakh Yuan. Last year, the investment income of the social welfare fund was 2 trillion 18 billion 41 crore 80 lakh yuan. The return on investment was 8.1 percent. The average annual investment return of the fund since its inception is 7.39 percent and the accumulated investment income was 19 trillion 99 million 80 Lakh Yuan. It is said that pure fiscal award for the National Social Welfare Fund was 69 billion 64 Crore 80 Lakh Yuan last year. At the end of the year 2024, the total amount of fiscal funds allocated to the National Social Welfare Fund, and the share was 12 trillion 13 billion 71 Crore 90 Lakh Yuan. The approved domestic investment of the Social Welfare Fund includes bank deposits, bonds, stocks and equity, etc. At the same time, the sanctioned foreign investment includes the bank deposits such as money market products, bonds, share and derivative financial resources for risk management, etc.