What is the establishment of the National Social Security Fund?

Establish public institutions managed by the Ministry of Finance. The National Social Security Fund Council is a public institution managed by the Ministry of Finance. As a fund investment operation organization, the administrative level is not clear. In August 2000, the Central Committee of the Communist Party of China and the State Council decided to set up the National Social Security Fund and the National Social Security Fund Council to manage and operate the National Social Security Fund. The national social security fund shall regularly announce the income and expenditure, management and investment operation to the public. The financial department, social insurance administrative department and auditing organ of the State Council supervise the revenue and expenditure, management and investment operation of the national social security fund. On March 20 18, according to the institutional reform plan of the State Council approved by the first session of the 13th National People's Congress, the Council of the National Social Security Fund was adjusted from the State Council to the Ministry of Finance, and it assumed the main responsibility of fund security and preservation and appreciation. As an investment operation institution of the fund, the administrative level is no longer defined.