Industry insiders said that the current proportion of A-share investments in enterprise pension funds is about 14%, leaving a lot of room below the upper limit.

"At present, the proportion of A-share investment in enterprise annuity funds is about 14%, leaving ample room to reach the 40% limit for equity asset investment. Industry insiders explain that enterprise annuity funds need to leverage their advantage of stable source of funds and relatively low short-term liquidity pressure, by increasing long-term equity investments to enhance long-term returns and improve pension replacement ratio. Industry insiders told reporters that regulatory authorities are currently working on developing specialized policy documents to establish a long-term assessment mechanism of three years or more for annuity funds, through measures such as extending the annuity contract period, increasing the weight of long-term performance indicators, and weakening short-term performance disclosure."