What is social security fund?

The National Social Security Fund (hereinafter referred to as the Social Security Fund) refers to the social security fund centrally managed by the central government and the government, which is managed by the National Social Security Fund Council (hereinafter referred to as the Council) and consists of funds transferred from state-owned shares and equity assets, funds allocated by the central government, funds raised by other means approved by the State Council and their investment income.

Social security funds are not open to individual investors. Social security fund means that the state entrusts part of the endowment insurance premiums paid by enterprises and institutions to professional institutions for management, so as to maintain and increase the value.

The budget of social insurance fund in 20 13 was included in the budget report for the first time and was supervised by the highest authority in China.