Even in September the risk for the performance of stock

□ Morning News reporter Zhang Jiabing

The ups and downs in September has been accompanied by the past National Day vacation, to January's vote was not even risk the monthly performance of the stock.

Xianyihouyang limited the decline

In September, to accelerate the decline in the first half of A shares to be approaching the end of the good management of the three co-stimulated by the "limit" rebound. Shanghai and Shenzhen stock markets on behalf of all A shares in circulation in the cards in circulation in the September index was down 6.77 percent, on behalf of the heavyweights in the performance of the card 100 index fell 6.86 percent, the representative of the second-line blue-chip index fell 200 cards in 4.45 percent, on behalf of small and medium-sized Pan shares in the card 500 index fell 7.42 percent.

As an important performance for even the risk-control of the fund industry, had been due to the sharp Jiancang, it is better than the performance of the market. Card in the stock fund index was down 5.87 percent for the month, the mixed evidence in index funds for the month fell 4.38 percent.

Taikang funds outperform funds

At 9 months, our long-term follow-up of the two major risk even for blue-chip accounts continued to perform well. Xinhua Life Insurance, and the creation of about 1.37 percent declined slightly in September, with all the pre-2008 issue of 191 equity funds, can be reached ninth place; As for the Taikang Life's cast even risk accounts, a positive growth Account was down 1.03 percent, ranked seventh, fund selection can account for slight 0.21 percent increase the second.

In the 191 equity funds, are being implemented in September only to return allies China and Thailand a dividend ETF, and indirectly through investment funds held by the Fund Taikang selected account can outperform the majority of equity funds, can be seen in its choice Fund, the de facto choice and control positions are set.

It is worth noting that, since the selection of Taikang fund account to achieve a positive return in September, so the first nine months of the cumulative return to narrow the -20.74%, and the creation of Xinhua about because of negative returns in September, so the first nine months Cumulative returns fall further to -19.9%, with the difference all the more closer.

There are two major blue-chip investment even at the risk accounts, will no doubt make a lot of "cattle-based" shame, after all, even Yawei care of the Chinese market to continue in the first nine months of Jiyaqunxiong number one, but the former nine 34.2096% down on the performance of the doubt and the two insurance accounts for the gap is even far worse.

September 19, A shares trading across the board, which we observe all types of stock investment accounts share of stock positions to provide an excellent opportunity. On the same day, Taikang positive growth account net increase of 3.66 percent. In contrast, this year's good performance in equity funds, on September 19 in most of the gains were more than 5%, only slightly lower for investment trends in Societe Generale 3.67 percent. Cast the net even if the risk of delayed disclosure does not exist, then this can only be interpreted by the main investment account risk even with the advantages of less investment restrictions, the stock has long positions fell to very low or even negligible at the bottom, so in order to A slump in shares in excessively prudent and avoiding error.

Look forward to even vote in the bond insurance accounts New Army

September 15, the central bank announced the rate hike. The next day the entire bond market rose, evidence of the bond index fund for the month rose to 1.41 percent, Cathay Pacific Jinlong bonds (market, the net, let Fund) A month or as high as 5.2754 percent.

In the stock market compared to some of the risk even for the brilliant performance of the bonds in some of the cast even a little dangerous on the Huitoutulian. Even Taikang fidelity sound earnings and debt-wide optimization of the performance of the two good-debt-linked insurance accounts for merely 2.8 percent and rose 2.3 percent.

Of course, and even dangerous for the R %26amp; D is lagging behind as well. According to statistics, in the third quarter of this year issued 25 funds, only 16 bond funds. In contrast, most insurance companies are dangerous even for the maintenance of the existing product line, which caused the actual comparable bonds-accounts very few of which emerged naturally it will be difficult to top.

Shanghai pension expand into new markets financial institutions Zhengshi

Shanghai society organizations will also be gradually implemented pension system, employees make in social security has been further improved, but also for the management and operation of the pension has opened up new markets.

October 31, including Shanghai Yongjunyouzhu Foundation, the Shanghai Institute of Certified Public Accountants, Shanghai Institute of the bridge, and so the first batch of 27 community organizations, with Taikang Pension Insurance Co., Ping An Endowment Insurance Company Limited, the Yangtze River old-age insurance Limited number of professionals such as the operation of the pension agency signed a "entrusted with the management of an annuity contract" and "pension account management contract."

In accordance with the relevant provisions of the pension and social workers to pay co-financing, in which units can not exceed the annual unit on the total amount of annual wages of 1 / 12 to pay, the employees can not exceed my income last year of 1 / 12 to pay , In pre-tax expenses or pre-tax deduction. Pension employees note in the accounts, to pay some of the units may be a certain flexibility in the allocation for the program. Workers to reach retirement age can receive one or more points on.

Since 2004, the pension system in our country has entered a stage of development norms, but not fully implemented in the enterprise, social organizations and the preparation of financial resources due to the nature of the differences in treatment in accordance with its retirement business for staff, to a certain extent, the impact of human social organization Team-building and public welfare.

Shanghai Civil Affairs Bureau, deputy director of Fang-ping said that if the pension system, social organization to run properly, retired employees can be significantly improved treatment will be even closer to retirement than the current treatment institutions.

However, participation in pension plans is a small number of social organizations. It is understood that the Shanghai social organizations a total of more than 8700 and to 700 per year to grow at a rate of 800, but the establishment of the first batch of pilot pension system, only 59 units. Shanghai Civil Affairs Bureau, told reporters that the persons concerned, because of funding problems, most of the conditions to implement the pension system are city-level social organizations. "But you have to use the development point of view this matter."

Aged Ping An Insurance Co., Ltd. Shanghai Branch LIU Dong-yun, deputy general manager said that the social organization as a special category of social organizations, with more than a certain amount of public service color is not entirely the for-profit organizations, their occupational pension scheme depends on the establishment of the corresponding In charge of government support. The relevant departments of Shanghai's importance, but also a large number of pension operators see the opportunity, including the Industrial and Commercial Bank (601,398, it shares), China Construction Bank (601,939, it shares), Bank of Communications (601,328, it shares) and other The institutions have joined.

It is understood that since 2006 the formal launch of the enterprise annuity program, currently in Shanghai have been hundreds of new units in the enterprise annuity program. Changjiang Pension Insurance Company in Shanghai due to take up the stock of more than 180 billion pension fund, making it the largest current capital of the trust-based professional pension managers.