The Yellow River is the mother river and life river of the Chinese nation, and it is also an unruly river of worries. Since ancient times, the management of the Yellow River has been a big problem that puzzles the Chinese nation. The Yellow River An Lan and Haiyan Heqing are the Millennium dreams of the Chinese nation.

01

　"Kaifeng City, City Stack City"

　　Kaifeng, the ancient capital of the Eight Dynasties in Henan Province, has been flooded several times for thousands of years because of the Yellow River burst. Today, the riverbed of the Yellow River is more than ten meters above the ground in Kaifeng, which is a veritable "hanging river". Kaifeng Tower, which was built in the Northern Song Dynasty, is 55.88 meters high. For more than 900 years, the tower has witnessed the gradual rise of the Yellow River and the heightening of dams on both sides.

　　We can also find some traces of the Yellow River flood from the ruins of Kaifeng’s "City Stacking City".

　　Three to twelve meters underground in the ancient city of Kaifeng, there are six cities stacked on top of each other, including three national capitals, two provincial capitals and one central plains town, namely, Daliang City in Wei State during the Warring States Period, Bianzhou City in Tang Dynasty, Tokyo City in the Five Dynasties and Northern Song Dynasty, Bianjing City in Jin Dynasty, Kaifeng City in Ming Dynasty and Kaifeng City in Qing Dynasty. The six ancient cities stacked on top of each other have witnessed the profound disasters brought by the Yellow River floods to the people in the Yellow River basin for thousands of years.

02

The Yellow River is peaceful, and the world is peaceful.

　　The Yellow River is the most difficult river to harness in the world. It has always been "good at silting, determination and migration". In history, it has "burst twice every three years and changed its course once every hundred years".

　　During the more than 2,500 years from pre-Qin to liberation, the lower Yellow River overflowed more than 1,500 times and diverted 26 times, including 5 major diversions, which affected Tianjin in the north, invaded the Haihe River system, and reached Jianghuai and Huaihe River system in the south, with a total area of 250,000 square kilometers.

　　In the fifth year of Xianfeng in Qing Dynasty (1855), the Yellow River burst through the Tongwa Chamber in Lanyang, Henan Province (now near Dongbatou in Lankao), causing a breach, and the Daqing River moved northward from Lijin to Bohai Sea, which generally formed the channel of the Yellow River today.

　　1938年，国民党政府在郑州花园口扒开黄河大堤，致使黄河再次南泛长达8年多，造成上百万人死亡，千余万人受灾，直到1947年才在花园口堵口，黄河复归故道。

　　黄河治理，历来是安民兴邦的大事。历史上，为了把黄河治好，多少有为君主宵衣旰食，河工百姓舍生忘死，进行了不懈探索。

　　但长期以来，受生产力水平、社会制度、人为破坏等主客观条件的制约，黄河屡治屡决的局面始终没有得到根本改观，黄河安澜的美好愿望一直难以实现。

　　一部艰辛的治黄史，浓缩出中华民族的苦难史、奋斗史、治国史。

03

从被动到主动的历史性转变

　　黄河治理的千古难题历史性地交到了中国共产党手中。

　　1946年，中国共产党就领导成立了冀鲁豫解放区黄河水利委员会，翻开了人民治黄的新篇章。

　　经过70多年的艰辛探索和不懈斗争，中国共产党交出了一份亘古未有的优异的治黄答卷，从根本上改变了黄河暴虐为害的历史。

　　历史上，当洪水流量超过每秒１万立方米时，黄河下游就要决口泛滥，古时决口相距最久的一次也大约只有30年。

　　新中国成立以来，尽管先后出现了12次洪峰流量大于每秒1万立方米的洪水，黄河却再也没有决过口，创造了岁岁安澜的新纪录。

　　龙羊峡、刘家峡、小浪底……70多年来，我们党带领人民开展了多次大规模堤防建设，兴建了一批重要水利枢纽工程，实现了从被动治理到主动调控并很好利用的重大突破。

　　从1999年8月至今，黄河已连续20年不断流，正以全新的生命形态展现在世人面前，为世界江河治理与保护、人与自然和谐共生提供“中国范例”。

　　白洋淀，曾经以大面积芦苇荡和千亩连片的荷花淀而闻名，近几十年却连续出现干淀现象。2017年，随着雄安新区在此设立，引黄入冀补淀工程试通水，汩汩黄河水跋涉近500公里奔向白洋淀。

　　正是黄河水的引入，使得白洋淀的水流动起来，水质明显好转，重现了天水相连、苇绿荷红、水草丰美、鱼鸟成群的生态胜景。

　　黄河岁岁安澜，这一中华民族的千年梦想，终于在中国共产党的领导下变成了生动现实！

　　正如最高领袖总书记深刻指出的：“实践证明，只有在中国共产党领导下，发挥社会主义制度优势，才能真正实现黄河治理从被动到主动的历史性转变，从根本上改变黄河三年两决口的惨痛状况。”

　　来源：求是网

　　编制：华文

　　策划：吴晓迪 尹霞 陈有勇 李民圣 韩辰 李丹华

　　审核：望红平

　　监制：希利

　　Since December 2016, the pensions that the capital market has been looking forward to have been "starting" one after another, and have been entrusted to operate for nearly three years.

　　By the end of September, the governments of 18 provinces (autonomous regions and municipalities) had signed entrusted investment contracts for basic old-age insurance funds with the National Social Security Fund Council, with a total contract value of 966 billion yuan, of which 799.2 billion yuan had been received and started to invest.

　　This latest set of data has heated up the topic of "entering the market" for pensions again. For the performance of "entering the market" in the past three years, the reporter of "Workers Daily" has been interviewing many experts recently. They said that as an important means to maintain and increase the value of pensions, the pace of pension investment and operation has gone steady. This is normal despite short-term fluctuations due to the influence of the capital market. At the same time, there is still much room for growth in the future.

　　The income is nearly 20 billion yuan.

　　The reporter found out that at the end of 2018, the first quarter, the second quarter and the third quarter of this year, the funds received by the entrusted operation of pensions were 605 billion yuan, 624.869 billion yuan, 706.2 billion yuan and 799.2 billion yuan respectively. Compared with the working capital received in the three quarters of this year, it increased by about 19.9 billion yuan, 81.3 billion yuan and 93 billion yuan respectively.

　　Fang Lianquan, Secretary-General of the World Social Security Research Center of China Academy of Social Sciences, thinks that it means that the pension "entering the market" is steadily advancing, the scale is constantly expanding, and the pace is accelerated, which is linked to the reduction of social security fees this year. "After the fee reduction, it is necessary to increase the income of social security funds through multiple channels. Investing in and operating the basic endowment insurance fund is one of the channels, which is conducive to maintaining and increasing the value of the fund. "

　　After the implementation of the comprehensive fee reduction plan in May this year, Nie Mingjuan, director of the Department of Endowment Insurance of the Ministry of Human Resources and Social Security, said recently that local implementation is relatively in place, and all provinces with pension insurance unit rates higher than 16% have dropped to 16%. By the end of September, the total cost reduction of enterprise pension insurance, unemployment insurance and industrial injury insurance was 272.5 billion yuan.

　　According to the Measures for the Administration of Investment in Basic Endowment Insurance Funds promulgated in August 2015, provincial governments, as the trustors of entrusted investment in pension funds, can determine the specific investment amount and entrust investment operation after reserving certain payment fees in combination with the balance of local pension funds.

　　So, what are the benefits? Judging from the 2018 annual report on the entrusted operation of the basic old-age insurance fund published by the National Social Security Fund Council, as of the end of 2018, the Social Security Fund has signed entrusted investment contracts with 17 provinces (autonomous regions and municipalities), all of which are guaranteed for a period of five years, with a cumulative investment income of 18.683 billion yuan.

　　"Pension ‘ Entering the market ’ After that, the steps went more steadily. " Lu Quan, secretary-general of China Social Security Society and associate professor of Renmin University of China, told the reporter that the basic old-age insurance is a pay-as-you-go system. It is necessary to clarify whether the pension invested is a balance of the overall account or a personal account. "If it is a personal account balance, the rate of return should be able to outperform the wage growth rate and inflation rate."

　　Don’t panic, it’s fluctuation, not decline.

　　Since it was commissioned to operate, the reporter noted that in 2018, the investment return rate of the basic old-age insurance fund was 2.56%, which was 2.67% lower than that of 5.23% in 2017.

　　Why is it falling? For this question thrown by the reporter, Fang Lianquan made a revision of the statement, "It is a fluctuation, not a decline. Investment operation is a market behavior, and short-term fluctuations are inevitable. "

　　In fact, for the 2.56% earnings report card, many interviewed experts analyzed it as normal market performance.

　　"Last year, the overall operation of the capital market was not very prosperous, which had a great impact on basic pension investment. Overall, the income of 2.56% last year was still normal. " Dong Keyong, secretary-general of the 50-member Forum on China’s Pension Finance, told reporters that there is a certain period in the investment and operation of the basic pension insurance fund, and its assessment and evaluation should focus on the long-term perspective, rather than paying too much attention to the short-term rate of return.

　　Regarding the fluctuation of the rate of return, Lu Quan told reporters that this also shows that the capital market is uncertain and there are systemic risks including increasing downward pressure on the economy and fluctuations in the capital market. Therefore, in the long run, he believes that it is necessary to establish a risk hedging mechanism. "When some European and American countries invest in operating pensions, they mostly smooth the average rate of return for 20 or 30 years to avoid systemic risks."

　　It is worth noting that many people have misunderstandings about the market-oriented operation of pensions. In fact, it is not "stock trading", but a diversified investment portfolio, which fights inflation, maintains value and increases value, covering more than 20 investment products. The proportion of investment in stocks, stock funds, mixed funds and stock-based pension products shall not exceed 30% of the net asset value of the fund.

　　In response to people’s concern about whether "entering the market" will affect pension benefits, Fang Lianquan pointed out that the investment and operation of basic pensions are not directly linked to individual pension benefits, and the amount of personal pensions is based on relevant pension calculation and payment methods. If you make money, the total amount of the fund will increase, and you will be more able to guarantee payment, with more balances and stronger sustainability.

　　There is a lot of room for future increment.

　　Judging from the latest bill of pensions, from January to July this year, the income and expenditure of the basic old-age insurance fund for enterprise employees nationwide were 2.2 trillion yuan, with a balance of more than 200 billion yuan and a cumulative balance of about 5 trillion yuan. Compared with the accumulated balance, the proportion of local contracted entrusted investment is still less than 20%. In this regard, Fang Lianquan believes that it is necessary to increase efforts to promote fund collection and expand the scale of entrusted investment.

　　In the future, there is a large space for pension investment. Wang Wenling, vice chairman of the National Social Security Fund Council, pointed out, "At the end of 2018, the balance of basic old-age insurance reached more than 5 trillion yuan, and the balance in Guangdong Province was 1 trillion yuan. Now it is entrusted to invest 100 billion yuan. Beijing has a balance of 200 billion yuan. It can be seen that there is still much room for improvement in the proportion of investment funds for basic endowment insurance funds. "

　　The reporter learned that nearly 800 billion yuan of investment has come from the basic old-age insurance managed by the government, which is the "first pillar" in China’s current old-age insurance system. With the increasing pressure of pension payment brought by the aging development, the state has made continuous efforts to build the "second pillar" of the old-age insurance system, namely enterprise annuity and occupational annuity, and the "third pillar" of personal savings pension insurance and commercial pension insurance, and gradually promoted the improvement of the three-pillar old-age insurance system.

　　"Pension ‘ Entering the market ’ In fact, it is a comprehensive concept, including one, two and three pillars of investment funds. " Dong Keyong predicted that the investment funds of the first pillar in the future will still follow the principle of prudence and maintain reasonable growth. In the short term, the "market entry" funds of the second and third pillars cannot surpass the "market entry" funds of the first pillar for the time being. However, with the development and perfection of the pension system in China, the space for the pension to enter the market is actually in the "fund plate" of the second and third pillars.

　　Lu Quan agreed with this view. He believes that among the three pillars, the first pillar of basic old-age insurance should adhere to pay-as-you-go and realize mutual assistance among all workers, while the second pillar and the third pillar adopt a complete accumulation system, and this part of accumulated funds should be invested more in the capital market to maintain and increase the value on the premise of ensuring the safety of the fund.

　　In addition, on October 30th, the website of the Ministry of Finance published the Letter of the Ministry of Finance on the Proposal No.0613 (Finance and Taxation No.038) of the Second Session of the 13th CPPCC National Committee. In the reply letter, the Ministry of Finance pointed out that with the gradual maturity of the market and the gradual enrichment of the experience of individual investors, more and more annuity plans will give individual investment options.