Reborn 80s

Chapter 1070

Although the three branches of United University all bear the name of United University, in fact, they are independent in terms of management, finance and sources of funding.

In other words, academic exchanges are quite frequent.

In addition to recruiting local students, the Hong Kong Branch of United University also recognizes college entrance examination scores from the mainland.

In addition, we also recruit students from Chinese people around the world.

In subjects such as business management and finance, the strength of the Hong Kong branch of United University is also recognized by the public.

After all, the investor of United University Hong Kong Campus is Meta Investment, and Meta Investment is quite powerful in finance and investment.

I wonder how many people will carefully study every word of the economic analysis report released by Meta Investment every year.

At the beginning of March, Chen Huaiqing went to Beijing for a meeting.

Chen Huaiqing comes every year.

Then, he attended a press conference.

This year, the leadership announced that the pensions for retirees will continue to increase by 10%.

And the total assets of pension fund companies reached 27 trillion.

Continue to maintain the growth of total assets.

Everyone has become accustomed to the fact that the total assets of pension fund companies increase year by year, and it is not surprising at all.

"Director Chen, the leadership announced that highways will be free on statutory holidays. The Pension Fund Company is the largest highway network holder in the country. Will the free highways on holidays have an impact on the Pension Fund Company's earnings?"

Chen Huaiqing: "The free tolls for vehicles with seven seats or less on holidays do not have a significant impact on the income of pension fund companies."

Pension fund companies have now stopped investing in highway construction.

The reason is very simple: everything that needs to be built has been built.

To be precise, all the profitable highways have been built.

As for not making money...

Pension funds don't trade at a loss.

Every year, after deducting personnel expenses and road maintenance costs, pension fund companies can still make nearly 300 billion in net profit on highways.

This is undoubtedly a huge income.

In the infrastructure plan, the state invests money to build highways, and then entrusts the highways to China Highway Company for management and maintenance.

Where does the money come from?

Bonds, of course!

The pension fund company purchased highway construction bonds, and then a road and bridge company under the pension fund company built the highway.

The road and bridge company under the pension fund company has extremely strict requirements on road quality, and the standards for road construction are also set very high.

For example, in the 1990s, the local government may have only wanted to build a four-lane highway.

Then the pension fund company will take the initiative to propose the construction of six-lane or even eight-lane highways.

Especially the highways connecting provincial capitals and economically developed cities.

When he came back, Chen Huaiqing ordered the construction of 10 lanes in both directions.

Now it seems that there was nothing wrong with the decision made back then.

Even a 10-lane highway in both directions is now starting to get congested.

There are too many cars now.

Another point is that people would rather spend more money to build a better house than spend high maintenance costs during use.

The maintenance costs of China Expressway Company's highways are much lower than those of some other highways.

At least it won’t happen. There are always various construction situations on the highway.

At most, it would be trimming branches on the side of the highway.

However, all branch pruning is done mechanically, and the speed is quite fast.

After pruning, load the crops quickly to minimize the impact on traffic.

"The holiday toll exemption is also to encourage people to go out more during holidays to promote consumption. If you are out of town, you can drive home to see your parents and your wife and children at home."

"Director Chen, according to public data, the five million low-rent housing units that the pension fund company plans to build have all been put under construction. I also went to the construction site and the construction is progressing very quickly. It is expected that the houses will be delivered this year. So, may I ask if the pension fund company has any plans to build low-rent housing in the future? If so, how many low-rent housing units does the pension fund company ultimately plan to build?"

“Can low rents ensure that pension funds can recover their costs?”

Chen Huaiqing waited for the English translation, and took this time to organize what he wanted to say: "The pension fund company will definitely continue to build low-rent housing in the future. Our goal is to ensure that low-income groups in the city can have the most basic housing security in the city. No longer living in a dark and damp basement, nor living in a coffin house with only a bed and no aisle."

"I hope everyone can see the sunshine when they open the window, can roll around on a big bed, have hot water when they want to take a shower, and have their own independent privacy."

“I can feel the hope and beauty of life!”

"In addition to low-rent housing, public rental housing will also be built in large quantities. Housing prices are already very expensive, especially in first-tier cities. The wages of ordinary young people cannot afford to buy a house for decades. Letting young people bear heavy mortgage loans will make the entire society lose its vitality."

"As for the profit of pension funds, there is no need to worry about that. Pension funds' investments seek stable returns. It will take 30 years to recover the cost, and then make pure profit in the next 30 years. There is no problem with that."

Another reporter asked: "Excuse me, Director Chen..."

After Chen Huaiqing answered several questions in succession, and then answered another question, he said at the end: "Don't keep asking me, ask Minister Zhao. If you don't ask again, Minister Zhao will fall asleep."

Minister Zhao smiled and said, "I am listening carefully! Since Comrade Chen Huaiqing doesn't want to answer, then if the journalists have any questions, I and other comrades will answer them!"

Chen Huaiqing leaned back in his chair, unscrewed the bottle of mineral water and started drinking. This answer made his mouth dry.

"The total assets of pension fund companies have now reached 27 trillion, which is undoubtedly an extremely huge amount of assets. May I ask, are there any supervision measures for this huge amount of assets?"

Minister Zhao: "There is a strict self-supervision system within the pension fund companies. The State Council has also sent a special supervision team to stay in the pension fund companies. Every year, there will also be an inspection team to inspect the pension fund companies."

"In addition to these, supervision of pension fund companies also depends on the general public. The income and expenditure of pension fund companies are open and transparent. Every expenditure can be found on the official website of the pension fund company. If you have any questions, you can call the pension fund company's service hotline for consultation."

In terms of integrity of all sectors, pension fund companies may be the best.

When it comes to this aspect, Chen Huaiqing will investigate it thoroughly if there is any problem.

No matter who you are, you will be dealt with directly.

(End of this chapter)