Share swap program to get oversight

Three to five State firms, two central financial institutions in first batch

China's finance ministry will coordinate with other government departments to introduce a policy regime which supervises and evaluates the pilot program that will transfer shares of State-owned enterprises and financial institutions to the country's social security fund.

Starting from next year, different groups of SOEs and financial institutions will be approved stage by stage for share transfer, and the whole process is expected to be finished soon, said the Ministry of Finance.