SSF Will Deploy S-PLUS As Reporting Platform For Risk Management

February 27, 2007 | Print | Email Email | Category: Labor

Share this article:
  • LinkedIn
  • del.icio.us
  • Technorati
  • StumbleUpon
  • Digg
  • SphereIt
  • MySpace
  • Live
  • Google Bookmarks
  • Facebook
  • NewsVine
  • YahooMyWeb
  • IndianPad
  • Slashdot
  • Yahoo! Buzz

China's National Council for Social Security Fund says it will now be using Insightful's S-PLUS as its primary analytics platform for building the SSF's internal metric system for risk management and investment performance.

"Given our mandate for building an internal metric system for risk management and investment performance, we needed a strong analytics platform that will help us to quickly build and test predictive quantitative models," said Su Yuansheng, project leader of Information Research Division of SSF. "We chose S-PLUS over competitors including SAS and SPSS because of the economic value it provides with its flexible and rapid prototyping and its proven capabilities in modeling and analyzing financial market data."

SSF, established to manage and operate more than US$25 billion in assets of the National Social Security Fund, will use the Insightful platform's advanced quantitative and scientific approaches to build predictive models in order to accurately predict risk and thereby minimize economic surprises. By developing an S-PLUS-based investment performance system, the fund's goals are to improve returns and manage risks more effectively.

In addition to S-PLUS, SSF will also be deploying Insightful's S+FinMetrics and S+NuOPT. S+FinMetrics is a specialized software solution for modeling, analyzing, and visualizing financial market data. The software offers a modern, and flexible analytic environment for reliable and robust, predictive econometric modeling. S+NuOPT combines powerful statistics and graphics with large-scale optimization problem solving. It is specifically designed to optimize large portfolios of assets and liabilities.

"We are very pleased to have the S-PLUS product family selected by the National Council for Social Security Fund after such a thorough and rigorous evaluation process," said Jeff Coombs, president and chief executive officer of Insightful. "Being selected by the SSF is not only highly prestigious for Insightful, but an important step in our strategy to build Insightful's presence in China."

Rate this page: 1 Star2 Stars3 Stars4 Stars5 Stars

Loading ... Loading ...



Leave A Comment:



Inside ChinaCSR.com


Other China News

China Hospitality News:

Air China To Open Beijing-Lhasa Direct Flight

Harbin Welcomes New Five-star Hotel

Ctrip.com Introduces Emergency Assistance Network

Okay Airways To Launch Tianjin-Yanji Flight


ChinaTechNews.com:

Kingsoft, Qihoo 360 Cooperate In Customized Internet Security Services

VanceInfo Buys Hong Kong CRM Firm

Huawei Opens LTE Lab In Japan

China Mobile BJ: Mobile Phone Numbers Portable For Three Brands


ChinaRetailNews.com:

Avon China Investigated For Multi-level Marketing

Tibetan Travel Agencies Expected To Handle Nepal Visas

Ikea To Open Second Beijing Outlet In Daxing

Little Sheep Incorporates Eight Additional Franchisees


ChinaPulse.com:

Daily Flights from Beijing/Shanghai to Istanbul

Be First to Get Our Low Fare Tickets, China to Europe only CNY3,400

Take a Piece of Heaven Home

Super Value Meeting Package–Meeting Package at only RMB488+ per person


SinoLinx.com:

Former Vice Premier calls for improved financial supervision

Muslim minority riots erupt in China's west (AP)

26 new swine flu cases confirmed

CS inspects reconstruction projects


China Newswire:

Starwood Hotels & Resorts Celebrates The Grand Opening of The Largest Customer Contact Centre in China and Announces "Spg One Million Starpoints up for Grabs" Promotion

U-Tron (Beijing) And LECC Consulting Group Sign Exclusive Agency Agreement

Live Information Security Certification and Technical Training Classes at Conference Hosted by EC-Council

Business Confidence Survey 2009: European businesses remain confident about China, but call for more action to maintain growth


China Sourcing News:

China's U-Tron Inks Agency Agreement With LECC

China's Huawei Opens Lab In Tokyo

CITAC Voices Concern Over U.S.Penalties For Chinese Tires

China's SMIC Celebrates First High Performance 45nm Yield Lot


TechSecurityChina.com:

MIIT: Installation Of Green Dam Can Be Delayed For Unprepared Manufacturers

Campaign Launched Against Chinese Internet “Cultural Irregularities”

China Implements Stricter Management Of Virtual Currency

“Sex” Will Be Taboo On Chinese Internet From July 1


ChinaWirelessNews.com:

Huawei Opens LTE Lab In Japan

China Mobile BJ: Mobile Phone Numbers Portable For Three Brands

Huawei Wins Contract From Finland's TeliaSonera

China Telecom Will Close Mobile Phone Dual-mode Card Service