Pension funds raise social endowment insurance funds by issuing fund shares or beneficiary certificates, and entrust professional fund management institutions to invest in industrial investment, securities investment or other projects in order to achieve the purpose of maintaining and increasing value. The full name of pension fund is endowment insurance fund, which is a very important part of China's social security system, also known as endowment insurance system.
As far as the present situation of China's endowment insurance system is concerned, it is a social system that provides basic living security for workers who are old and weak and lose their ability to work.