USEUROPEAFRICAASIA 中文双语Français
China
Home / China / National affairs

China to transfer state capital to social security funds

Xinhua | Updated: 2017-11-18 13:00

BEIJING - China will transfer some state capital including shares of state-owned companies (SOE) and financial institutions to the country's social security funds as an aging society puts pressure on pension payments, official document showed Saturday.

Capital will be transferred to the National Council for Social Security Fund and wholly state-owned companies, according to a document released by the State Council.

Pilot programs on the transfer will start in 2017, with shares of three to five centrally-supervised SOEs and two central financial institutions to be transferred.

Editor's picks
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US