June 15 — The China Futures Market Monitoring Center said a futures account has
been opened for special pension assets (state-owned equity and cash-income) used
to top up the social security fund; Galaxy Futures opened the account. The
account may conduct hedging within existing rules. Under a strict
risk-management framework, this is the first formal introduction of futures
hedging tools for pension assets, expanding the social security fund’s
risk-management toolkit and providing an institutional safeguard for long-term
preservation and appreciation of pension assets.
