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Provinces, accounting for one-sixth of the national total. More than 200 billion yuan in Jiangsu province (279.3 billion yuan), Zhejiang (263.2 billion yuan), Beijing (216.1 billion yuan). Accumulated surplus in the amount of between 100 billion ~ 200 billion of Shandong (193.3 billion yuan), Sichuan (192.7 billion yuan), Liaoning (128.9 billion yuan), Shanghai (126.2 billion yuan), Shanxi (116.9 billion yuan). Guangdong and Shandong as a pilot pension market and has come up with 100 billion yuan each has commissioned the National Social Security Fund Council investment operations. Newspaper reporters from the investment point of view the case of the two provinces, Guangdong Province, the market amount to only one-fifth of the amount of its accumulated surplus, the next step will further increase the amount of money into the market, Shandong Province market funds accounted for the balance of its total one-half the amount of the current period should be set aside to pay certain amount of money, just the possibility earlier this year with the National Social Security Fund Council signed a trust agreement, as of the end of April the funds have not yet fully in place during the year plus the additional investment not large. In addition, Guangdong, Shandong and other provinces has been pre market, seven other accumulated surplus over 100 billion yuan is expected to become the first province official market pension provinces. Analysis of data from the accumulated surplus of inference, Jiangsu, Zhejiang, Beijing three balances over 200 billion yuan of funds hedge provinces the greatest pressure, the most likely to enter the market as the recent pension provinces. If in accordance with the proportion of investment in Shandong Province, which can be used to market the three provinces of pension investment operations were more than 100 billion yuan. Renmin University of China School of Public Administration Li Zhen, told reporters that 'investment approach' to give autonomy provincial governments to invest, some provinces will do more for the future of aging reserves and some provinces are still living beyond the provinces in determining take into account many factors when the amount of the pension funds into the market. Yang Yan Sui believes that once the 'investment measures' introduced, for local pension investment mandatory constraints, the provinces according to the provisions set aside to pay the recent pension deduction should follow the 'investment approach' to diversify investments. 'Each province government can only have a principal, and most of the accumulated funds in the county, urban and unit level, to the provincial capital of imputation is not easy.' Yang Yan Sui said that financial difficulties up imputation of a many aspects of the local pension