Total assets managed by China's National Council for Social Security Fund hit nearly 1.11 trillion yuan (179.6 billion U.S. dollars) by the end of 2012, the council said on Thursday.[Hong Kong company registration]

The fund's annual earnings rate stood at 7.01 percent last year, higher than 0.84 percent in 2011 and 4.23 percent in 2010. [Set Up Company Hong Kong]However, it was lower than the average annual earnings rate of 8.29 percent at the end of 2012.

The fund is designed to help ease [Hong Kong Company Formation]the country's aging problem and as a reserve to support future social security expenditures.