Off the wire
Copa Libertadores: Defending champions Atletico Nacional ousted  • Mexico City faces worst air pollution in two decades  • Eating fruit, vegetables secret to looking good: Australian study  • Interview: Slovenia wishes to become major logistic hub of Belt and Road Initiative, says minister  • Xinhua China news advisory -- May 19  • Gold price opens lower in Hong Kong  • Melbourne has longest yet slowest tram network in the world: study  • Hong Kong stocks open 0.14 pct higher  • China treasury bond futures open lower Friday  • Chinese football has bright future, says FIFA official Zhang Jian  
You are here:   News/

China to transfer state capital to social security funds

Xinhua,November 20, 2017 Adjust font size:

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.