{"id":600,"date":"2021-06-02T00:07:27","date_gmt":"2021-06-01T16:07:27","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=600"},"modified":"2024-07-12T12:43:23","modified_gmt":"2024-07-12T04:43:23","slug":"%e9%80%80%e4%bc%91%e5%9f%ba%e9%87%91%ef%bc%88pension-funds%ef%bc%89","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/02\/%e9%80%80%e4%bc%91%e5%9f%ba%e9%87%91%ef%bc%88pension-funds%ef%bc%89\/","title":{"rendered":"\u9000\u4f11\u57fa\u91d1\uff08Pension Funds\uff09"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"\u986f\u793a\/\u96b1\u85cf\u5167\u5bb9\u76ee\u9304\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/02\/%e9%80%80%e4%bc%91%e5%9f%ba%e9%87%91%ef%bc%88pension-funds%ef%bc%89\/#%E9%80%80%E4%BC%91%E5%9F%BA%E9%87%91%E7%B0%A1%E4%BB%8B\" >\u9000\u4f11\u57fa\u91d1\u7c21\u4ecb<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/02\/%e9%80%80%e4%bc%91%e5%9f%ba%e9%87%91%ef%bc%88pension-funds%ef%bc%89\/#%E4%B8%BB%E6%AC%8A%E5%9F%BA%E9%87%91%E5%92%8C%E9%80%80%E4%BC%91%E5%9F%BA%E9%87%91%E7%9A%84%E5%B7%AE%E7%95%B0\" >\u4e3b\u6b0a\u57fa\u91d1\u548c\u9000\u4f11\u57fa\u91d1\u7684\u5dee\u7570<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/02\/%e9%80%80%e4%bc%91%e5%9f%ba%e9%87%91%ef%bc%88pension-funds%ef%bc%89\/#%E8%91%97%E5%90%8D%E5%9C%8B%E5%AE%B6%E7%9A%84%E9%80%80%E4%BC%91%E5%9F%BA%E9%87%91\" >\u8457\u540d\u570b\u5bb6\u7684\u9000\u4f11\u57fa\u91d1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/02\/%e9%80%80%e4%bc%91%e5%9f%ba%e9%87%91%ef%bc%88pension-funds%ef%bc%89\/#%E5%8F%B0%E7%81%A3%E7%9A%84%E9%80%80%E4%BC%91%E5%9F%BA%E9%87%91\" >\u53f0\u7063\u7684\u9000\u4f11\u57fa\u91d1<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%80%80%E4%BC%91%E5%9F%BA%E9%87%91%E7%B0%A1%E4%BB%8B\"><\/span><strong>\u9000\u4f11\u57fa\u91d1\u7c21\u4ecb<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5168\u7403\u5404\u570b\u990a\u8001\u91d1\u7684\u898f\u6a21\u9060\u9060\u5927\u65bc\u4e3b\u6b0a\u57fa\u91d1\uff1b2018\u5e74\u5168\u7403\u9000\u4f11\u57fa\u91d1\u8cc7\u7522\u7e3d\u984d\u70ba40\u5146\u7f8e\u5143\uff0c\u904e\u53bb10\u5e74\u4e4b\u5e73\u5747\u6210\u9577\u73875.3\uff05\u30022020\u5e74\u70ba\u6b62\uff0c\u5168\u7403\u4e3b\u6b0a\u57fa\u91d1\u7684\u7e3d\u898f\u6a21\u9084\u4e0d\u52308\u5146\u7f8e\u5143\uff1b\u8acb\u53c3\u898b\u6211\u7684\u90e8\u843d\u683c\u7684\u53e6\u4e00\u7bc7\u6587\u7ae0<a href=\"https:\/\/www.granitefirm.com\/blog\/shareholder\/institution\/sovereign-wealth-fund\/\u4e3b\u6b0a\u57fa\u91d1\uff08sovereign-wealth-fund\uff1aswf\uff09\/\">\u4e3b\u6b0a\u57fa\u91d1\uff08Sovereign Wealth Fund\uff1aSWF\uff09<\/a>\u3002\u990a\u8001\u91d1\u6709\u500b\u5f88\u5927\u7684\u7279\u6027<strong>\u2500\u2500<\/strong>\u2500\u2500\u990a\u8001\u91d1\u8981\u6c42\u8cc7\u91d1\u7684\u9ad8\u5ea6\u5145\u8db3\u6027\uff0c\u5177\u6709\u6c38\u7e8c\u767c\u5c55\u7684\u7279\u6b8a\u6027\uff1b\u6d41\u52d5\u6027\u5f88\u91cd\u8981\u3002\u6240\u4ee5\u990a\u8001\u91d1\u5927\u90fd\u6703\u6295\u8cc7\u6d41\u52d5\u6027\u5927\u548c\u9ad8\u80a1\u606f\u7387\u7684\u6295\u8cc7\u6a19\u7684\uff0c\u5927\u90fd\u4e0d\u6703\u6d89\u8db3\u9ad8\u98a8\u96aa\u7684\u98a8\u96aa\u6295\u8cc7\uff08Venture Capital\uff09\u7684\u9818\u57df\u3002<\/p>\n\n\n\n<h2 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%B8%BB%E6%AC%8A%E5%9F%BA%E9%87%91%E5%92%8C%E9%80%80%E4%BC%91%E5%9F%BA%E9%87%91%E7%9A%84%E5%B7%AE%E7%95%B0\"><\/span><strong>\u4e3b\u6b0a\u57fa\u91d1\u548c\u9000\u4f11\u57fa\u91d1\u7684\u5dee\u7570 <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u6b78\u7d0d\u800c\u8a00\uff0c\u4e3b\u6b0a\u57fa\u91d1\u548c\u9000\u4f11\u57fa\u91d1\u7684\u4e3b\u8981\u5dee\u7570\u5982\u4e0b\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\" id=\"block-5059da14-55e7-4b38-a54c-8aca206e1f6a\"><li>\u4e3b\u6b0a\u8ca1\u5bcc\u57fa\u91d1\u66f4\u50be\u5411\u65bc\u652f\u6301\u5728\u6cd5\u5f8b\u548c\u5236\u5ea6\u74b0\u5883\u8584\u5f31\u7684\u74b0\u5883\u4e2d\u904b\u71df\u7684\u516c\u53f8\uff0c\u66f4\u6709\u53ef\u80fd\u6295\u8cc7\u65bc\u6230\u7565\u6027\u884c\u696d\u3002\u4e3b\u6b0a\u8ca1\u5bcc\u57fa\u91d1\u4e5f\u8f03\u5c11\u53d7\u5230\u6d41\u52d5\u6027\u548c\u80a1\u606f\u7684\u675f\u7e1b\u3002<\/li><li>\u990a\u8001\u91d1\u7684\u6d41\u52d5\u6027\u5f88\u91cd\u8981\uff0c\u56e0\u6b64\u4e0d\u6703\u6d89\u8db3\u9ad8\u98a8\u96aa\u7684\u6295\u8cc7\u9818\u57df\u3002<\/li><li>\u5168\u7403\u5404\u570b\u990a\u8001\u91d1\u7684\u898f\u6a21\u9060\u9060\u5927\u65bc\u4e3b\u6b0a\u57fa\u91d1\uff1b2018\u5e74\u5168\u7403\u9000\u4f11\u57fa\u91d1\u8cc7\u7522\u7e3d\u984d\u7d04\u70ba40\u5146\u7f8e\u5143\uff0c\u904e\u53bb10\u5e74\u7684\u5e73\u5747\u6210\u9577\u7387\u5927\u7d04\u70ba5.3%\u3002<\/li><\/ul>\n\n\n\n<h2 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%91%97%E5%90%8D%E5%9C%8B%E5%AE%B6%E7%9A%84%E9%80%80%E4%BC%91%E5%9F%BA%E9%87%91\"><\/span><strong>\u8457\u540d\u570b\u5bb6\u7684\u9000\u4f11\u57fa\u91d1 <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u4ee5\u4e0b\u5c31\u662f\u53f0\u7063\u4eba\u8f03\u719f\u7a14\u7684\u4e00\u4e9b\u8f03\u8457\u540d\u570b\u5bb6\u7684\u9000\u4f11\u57fa\u91d1\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\" id=\"block-133f72a0-78a2-4086-bdd0-8eaa81063482\"><li>\u52a0\u5dde\u516c\u52d9\u54e1\u9000\u4f11\u57fa\u91d1\uff08<a href=\"https:\/\/www.calpers.ca.gov\/\" target=\"_blank\" rel=\"noreferrer noopener\">CalPERS<\/a>\uff09\uff1a\u5168\u7403\u6b77\u53f2\u6700\u512a\u4e45\u3001\u6700\u6210\u529f\u3001\u800c\u4e14\u6700\u6d3b\u8e8d\u7684\u7684\u9000\u4f11\u57fa\u91d1\uff0c\u4e5f\u662f\u7f8e\u570b\u6700\u5927\u7684\u990a\u8001\u57fa\u91d1\uff0c\u5c0d\u7f8e\u570b\u80a1\u5e02\u548c\u50b5\u5238\u5e02\u5834\u90fd\u6709\u975e\u5e38\u5927\u7684\u5f71\u97ff\u529b\u30022021\u5e74\uff11\u6708\u5e95\u622a\u6b62\u7684\u8ca1\u7522\u898f\u6a21\u70ba\u7f8e\u91d14,440\u5104\u3002<\/li><li>\u65e5\u672c\u653f\u5e9c\u5e74\u91d1\u6295\u8cc7\u57fa\u91d1\uff08<a href=\"https:\/\/www.gpif.go.jp\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\">Government Pension Investment Fund\uff1aGPIF<\/a>\uff09\uff1aGPIF\u70ba\u5168\u7403\u898f\u6a21\u6700\u2f24\u7684\u9000\u4f11\u5e74\u91d1\u3002\u622a\u81f32019\u5e7412\u6708\u5e95\u70ba\u6b62\uff0c\u7ba1\u7406\u8cc7\u7522\u2fbc\u9054169\u5146\u65e5\u5713\uff08\u7d041.5\u5146\u7f8e\u5143\uff09\u3002<\/li><li>\u4e2d\u570b\u5927\u9678\u7684\u793e\u4fdd\u57fa\u91d1\uff08<a href=\"https:\/\/www.investopedia.com\/terms\/n\/national-social-security-fund.asp\" target=\"_blank\" rel=\"noreferrer noopener\">National Council for Social Security Fund\uff1aNSSF<\/a>\uff09\uff1a\u793e\u4fdd\u57fa\u91d1\u65bc2000\u5e74\u6210\u7acb\uff0c2001\u958b\u59cb\u6295\u8cc7\u80a1\u5e02\uff0c\u6210\u7acb\u4ee5\u4f86\u5e74\u5747\u6295\u8cc7\u5831\u916c\u73878.14%\u7684\u6c34\u5e73\u3002\u622a\u81f32020\u5e7412\u6708\u5e95\u70ba\u6b62\uff0c\u57fa\u91d1\u898f\u6a21\u7d04\u70ba3,250\u5104\u7f8e\u91d1\u3002<\/li><li>\u5357\u97d3\u7684NPS\uff1a\u638c\u7ba1\u7d046,376\u5104\u7f8e\u5143\u8cc7\u7522\uff0c\u504f\u611b\u6295\u8cc7\u4e0a\u5e02\u5927\u4f01\u696d\u548c\u6d77\u5916\u7684\u623f\u5730\u7522\u3002\u622a\u81f32015\u5e745\u6708\uff0c\u57fa\u91d1\u7684\u7e3d\u6295\u8cc7\u984d\u70ba497\u842c\u5104\u97d3\u5143\uff0c\u5176\u4e2d\u6295\u8cc7\u50b5\u5238\u7684\u6bd4\u4f8b\u70ba58.3\uff05\uff0c\u80a1\u7968\u70ba32.3\uff05\uff0c\u623f\u5730\u7523\u3001\u8cb4\u91d1\u5c6c\u7b49\u6295\u8cc7\u9818\u57df\u5247\u5360\u4e869.4\uff05\u3002<\/li><li>\u53f0\u7063\u7684\u56db\u5927\u57fa\u91d1\uff1a\u5305\u62ec\u52de\u4fdd\u57fa\u91d1\u3001\u52de\u9000\u57fa\u91d1\u3001\u9000\u64ab\u57fa\u91d1\u3001\u90f5\u653f\u8cc7\u91d1\u3002\u4e00\u822c\u4eba\u5c0d\u6b64\u7684\u56db\u5927\u57fa\u91d1\u7684\u8a8d\u8b58\u662f\u2500\u2500\u2500\u2500\u6bcf\u6b21\u53ea\u8981\u80a1\u5e02\u5d29\u76e4\uff0c\u653f\u5e9c\u7e3d\u6703\u51fa\u52d5\u56db\u5927\u57fa\u91d1\u9032\u884c\u8b77\u76e4\u3002\u5176\u4e2d\u8f03\u70ba\u91cd\u8981\u7684\u662f\u52de\u52d5\u57fa\u91d1\uff1b\u5305\u62ec\u52de\u5de5\u9000\u4f11\u57fa\u91d1\u3001\u52de\u5de5\u4fdd\u96aa\u57fa\u91d1\u3001\u5c31\u696d\u4fdd\u96aa\u57fa\u91d1\u7b49\uff0c\u898f\u6a21\u9054\u65b0\u53f0\u5e634.578\u5146\u5143\u3002<\/li><li><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"100\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2022\/09\/pix4free-1600x1200-2.jpg\" alt=\"\u9000\u4f11\u57fa\u91d1 \" class=\"wp-image-25512\"\/><figcaption>credit: pix4free.org<\/figcaption><\/figure>\n\n\n\n<h2 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%8F%B0%E7%81%A3%E7%9A%84%E9%80%80%E4%BC%91%E5%9F%BA%E9%87%91\"><\/span><strong>\u53f0\u7063\u7684\u9000\u4f11\u57fa\u91d1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>2020\u5e74\u4ee5\u4f86\u53f0\u7063\u4eba\u4e4b\u6240\u4ee5\u7a81\u7136\u95dc\u5fc3\u8d77\u81ea\u5df1\u7684\u990a\u8001\u91d1\uff0c\u4e3b\u8981\u7684\u539f\u56e0\u662f\u52de\u52d5\u57fa\u2fa6\u57282020\u5e749\u2f49\u55ae\u2f49\u300c\u6158\u8ce0\u300d749\u5104\u5143\uff0c2020\u5e74\u4ee5\u4f86\u7684\u6536\u76ca\u6578\u50c5\u526922.4\u5104\u5143\uff0c\u6536\u76ca\u73870.05\uff05\uff0c\u7b49\u65bc2020\u5e74\u7684\u524d8\u500b\u2f49\u662f\u5728\u505a\u2f69\u2f2f\uff0c\u5728\u53f0\u80a1\u548c\u7f8e\u80a1\u5275\u65b0\u2fbc\u4e4b\u969b\uff0c\u7adf\u7e73\u51fa\u5982\u6b64\u4ee4\u2f08\u50bb\u773c\u7684\u7e3e\u6548\u3002\u63a5\u8457\u5a92\u9ad4\u66f4\u62ab\u9732\u52de\u52d5\u57fa\u91d1\u8ca0\u8cac\u7ba1\u7406\u59d4\u8a17\u4ee3\u64cd\u7684\u9ad8\u5b98\u91cd\u5927\u7684\u4eba\u8b00\u4e0d\u81e7\u5f0a\u6848\uff0c\u9020\u6210\u7adf\u5728\u5168\u7403\u80a1\u5e02\u591a\u982d\u884c\u60c5\u4e0b\u53cd\u800c\u8667\u4e86\u5927\u9322\u3002\u504f\u504f\u6709\u95dc\u55ae\u4f4d\u53c8\u5728\u9019\u6642\u5019\u544a\u8a34\u53f0\u7063\u6c11\u773e\uff0c\u653f\u5e9c\u8ca1\u653f\u56f0\u96e3\uff0c\u5fc5\u9700\u57282021\u5e74\u958b\u59cb\u8abf\u6f32\u6700\u6538\u95dc\u6c11\u773e\u8377\u5305\u7684\u5065\u4fdd\u8cbb\u548c\u52de\u4fdd\u8cbb\uff0c\u5f15\u767c\u5168\u53f0\u8f3f\u8ad6\u8b41\u7136\u3002<br><br>\u570b\u4eba\u4e4b\u6240\u4ee5\u751f\u6c23\u4e26\u975e\u6c92\u6709\u4f86\u7531\uff0c2020\u5e74\u5168\u7403\u80a1\u5e02\u81ea3\u6708\u4f4e\u9ede\u81f32020\u5e74\u4e0b\u534a\u5e74\u7686\u5df2\u5927\u5e45\u53cd\u5f48\u3002\u4f46\u52de\u52d5\u57fa\u2fa6\u57282020\u5e74\u7684\u524d9\u500b\u6708\u5167\uff0c\u7adf\u53ea\u6709\u5169\u500b\u6708\u662f\u6b63\u5831\u916c\uff0c\u5206\u5225\u70ba1.46\uff05\u548c0.29\uff05\uff0c\u5c31\u7b97\u6295\u8cc7\u65b0\u624b\u53bb\u8cb7\u53f0\u7a4d\u96fb\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aTSM\uff09\u62160050\u6307\u6578\uff0850\u5bb6\u53f0\u80a1\u5e02\u503c\u6700\u9ad8\u7684\u4e0a\u5e02\u4f01\u696d\u7d44\u6210\u7684ETF\uff09\uff0c\u90fd\u53ef\u4ee5\u7372\u53d6\u6975\u4f73\u7684\u5927\u5e45\u5831\u916c\u3002\u540c\u671f\u9593\u622a\u81f32020\u5e749\u6708\u70ba\u6b62\uff0c\u65e5\u672c\u592e\u884c\u6301\u6709\u7684\u80a1\u7968\u5e02\u503c\u76f8\u7576\u65bc\u8fd14,000\u5104\u7f8e\u5143\uff0c\u672a\u5be6\u73fe\u5229\u76ca\u66f4\u9ad8\u9054560\u5104\u7f8e\u5143\u3002\u539f\u56e0\u662f\u65e5\u672c\u592e\u884c\u7e3d\u88c1\u9ed1\u7530\u6771\u5f65\u65bc2020\u5e743\u6708\u52a0\u78bc\u8cb7\u9032ETF\uff0c\u628a\u898f\u6a21\u4e0a\u9650\u63d0\u9ad8\u4e00\u500d\uff0c\u65e5\u7d93\u6307\u6578\u6536\u572829\u5e74\u65b0\u9ad8\uff08\u53f0\u7063\u4e5f\u662f\u554a\uff09\uff0c\u5f9e2020\u5e74\u6700\u6158\u7684\u8c37\u5e95\u7ffb\u8f49\u5927\u6f3260\uff05\u3002<\/p>\n\n\n\n<p>\u52de\u52d5\u57fa\u91d1\u9577\u671f\u5f15\u4eba\u8cea\u7591\u4e4b\u8655\u5c31\u662f\u59d4\u8a17\u7d93\u71df\u4ee3\u64cd\u7684\u90e8\u4efd\u8d85\u904e\u57fa\u91d1\u7684\u4e00\u534a\u4ee5\u4e0a\uff0c\u4f8b\u5982\u65b0\u5236\u52de\u5de5\u9000\u4f11\u57fa\u91d1\u5c31\u4f54\u6bd4\u9ad8\u905456.62\uff05\uff08\u570b\u5167\u59d4\u8a17\u7d93\u71df13.71\uff05\u3001\u570b\u5916\u59d4\u8a17\u7d93\u71df42.91\uff05\uff09\uff0c\u9019\u90e8\u4efd\u662f\u500b\u9ed1\u7bb1\uff0c\u6c92\u6709\u6301\u80a1\u7d30\u7bc0\u4e5f\u6c92\u6709\u6295\u8cc7\u7b56\u7565\u3002\u4e5f\u56e0\u6b64\u624d\u6703\u9020\u6210\u4eba\u8b00\u4e0d\u81e7\u7684\u91cd\u5927\u5f0a\u6848\uff0c\u5f15\u767c\u570b\u4eba\u7684\u8cea\u7591\u3002<\/p>\n\n\n\n<p><em><strong>\u91cd\u8981\u8072\u660e<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><em>\u672c\u7ad9\u5167\u5bb9\u70ba\u4f5c\u8005\u500b\u4eba\u610f\u898b\uff0c\u50c5\u4f9b\u53c3\u8003\uff0c\u672c\u4eba\u4e0d\u5c0d\u6587\u7ae0\u5167\u5bb9\u3001\u8cc7\u6599\u4e4b\u6b63\u78ba\u6027\u3001\u770b\u6cd5\u3001\u8207\u5373\u6642\u6027\u8ca0\u4efb\u4f55\u8cac\u4efb\uff0c\u8b80\u8005\u8acb\u52d9\u5fc5\u81ea\u884c\u5224\u65b7\u3002<\/em><\/li><li><em>\u5c0d\u65bc\u8b80\u8005\u76f4\u63a5\u6216\u9593\u63a5\u4f9d\u8cf4\u4e26\u53c3\u8003\u672c\u7ad9\u8cc7\u8a0a\u5f8c\uff0c\u63a1\u53d6\u4efb\u4f55\u6295\u8cc7\u884c\u70ba\u6240\u5c0e\u81f4\u4e4b\u76f4\u63a5\u6216\u9593\u63a5\u640d\u5931\uff0c\u6216\u56e0\u6b64\u7522\u751f\u4e4b\u4e00\u5207\u8cac\u4efb\uff0c\u672c\u4eba\u5747\u4e0d\u8ca0\u4efb\u4f55\u640d\u5bb3\u8ce0\u511f\u53ca\u5176\u4ed6\u6cd5\u5f8b\u4e0a\u4e4b\u8cac\u4efb\u3002<\/em><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u9000\u4f11\u57fa\u91d1\uff08Pension Funds\uff09\u5168\u7403\u5404\u570b\u990a\u8001\u91d1\u7684\u898f\u6a21\u9060\u9060\u5927\u65bc\u4e3b\u6b0a\u57fa\u91d1\uff1b2018\u5e74\u5168\u7403\u9000\u4f11\u57fa\u91d1\u8cc7\u7522\u7e3d\u984d\u70ba40\u5146\u7f8e\u5143\uff0c\u904e\u53bb10\u5e74\u4e4b\u5e73\u5747\u6210\u9577\u73875.3\uff05<\/p>\n","protected":false},"author":1,"featured_media":25512,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,178,170,171],"tags":[223,187,188,190,189,191,209],"class_list":["post-600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pension-fund","category-etf","category-sovereign-wealth-fund","category-government-funds","tag-223","tag-calpers","tag-gpif","tag-nps","tag-nssf","tag-swf","tag-tsm"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/comments?post=600"}],"version-history":[{"count":0,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media\/25512"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media?parent=600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/categories?post=600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/tags?post=600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}