China to transfer state capital to social security funds

0 Comment(s)Print E-mail Xinhua, November 18, 2017
Adjust font size:

BEIJING, Nov. 18 (Xinhua) -- 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. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter