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■社保基金如何影响股市? 中国证监会主席周小川日前表示,成立全国社会保障基金工作进入实质性准备阶段。周小川指出,不能简单地把社保基金视同于国有股减持。一方面,补充社保基金须适当减持、变现部分国有股,另一方面,社保基金出于保值、增值的需要也会投资于股市。 主持人:从国际成熟的资本市场运作经验看,社保基金尤其是养老基金,一直是稳定证券市场的中坚力量。许多人将社保基金入市看作洪水猛兽,认为国有股流通将导
■ Social Security Fund how to affect the stock market? Zhou Xiaochuan, chairman of China Securities Regulatory Commission said recently that the establishment of the National Social Security Fund work into a substantive preparatory stage. Zhou Xiaochuan pointed out that the social security fund can not be treated as a simple reduction of state-owned shares. On the one hand, the supplementary social security fund should be appropriately reduced holdings, part of the state-owned shares realized on the other hand, social security funds for hedging, value-added needs will also invest in the stock market. Moderator: From the experience of international mature capital market operations, social security funds, especially pension funds, have been the backbone of stabilizing the securities market. Many people put the social security fund into the market as a scourge and think that the flow of state-owned shares will lead