The National Social Security Fund (NSSF) announced that it made a 9.99% return on equity investments in the first half as a result of China’s surging stock markets, Bloomberg reported. China’s national pension fund made a profit of US$7.5 billion from investing in stocks and has averaged an annual gain of 9.6% since its launch in 2000. However, the fund lost 6.79% on its investments in 2008. The NSSF, whose assets topped US$96.6 billion at the end of June, grew as the government stimulus package helped fuel a 63% increase in the Shanghai Composite Index. The pension fund is set add more than US$108.3 billion after it receives shares from listed companies under a government program that will require the transfer of 8.4 billion state-held shares in 131 listed companies to the fund.