The cumulative rate of return on enterprise annuities in the past three years was first released at 7.46%.

The Ministry of Human Resources and Social Security recently released for the first time data on the "cumulative return rate in the past three years" of enterprise annuities. As of the end of the first quarter, the accumulated fund size of enterprise annuities was 3.73 trillion yuan, with a cumulative return rate of 7.46% in the past three years. Previously, when the Ministry of Human Resources and Social Security released operating data on enterprise annuities, they only disclosed investment performance for the "current period" and "year-to-date". This is the first time that data on the "cumulative return rate in the past three years" of enterprise annuities has been released. The cumulative return rate in the past three years is calculated using the time-weighted method, with the time interval from April 1, 2022 to March 31, 2025. Several interviewees expressed that the investment direction of enterprise annuities has always been a key indicator for the capital market, and its investment performance is closely watched. The change from "current period, year-to-date" to "past three years" in the return rate indicator disclosed by the Ministry of Human Resources and Social Security reflects the authorities' attention to the long-term investment returns of enterprise annuities, which is conducive to promoting the implementation of long-term investment and value investment concepts for these long-term funds. However, current challenges in enterprise annuity investment include insufficient marketization and short assessment cycles, highlighting the urgent need to establish a long-term performance appraisal system to truly achieve the goal of "long-term money, long-term investment" for enterprise annuities.