What is the level of the National Social Security Fund Council?

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. 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.

What is the responsibility of the Social Security Fund Council?

The responsibilities of the Council of Social Security Fund include:

1. Manage the funds allocated by the central government, the funds obtained by reducing state-owned shares and the funds raised by other means;

2. Formulate the investment and operation strategy of the national social security fund and organize its implementation;

3, select and entrust the national social security fund investment manager, custodian, investment operation and custody of the national social security fund assets, check the investment operation and custody; Direct investment in the assets of the national social security fund within the prescribed scope;

4, responsible for the financial management and accounting of the national social security fund, regularly prepare financial and accounting statements and draft financial and accounting reports;

5, regularly announce to the public the assets, income, cash flow and other financial status of the national social security fund;

6. According to the instructions of the Ministry of Finance and the Ministry of Labor and Social Security and the determined mode of fund allocation;

7. To undertake other tasks assigned by the State Council.

To sum up, as a fund investment and operation institution, the three programs of the National Social Security Fund Council did not specify its administrative level.

Legal basis:

Article 7 of the National Social Security Fund Regulations

The National Social Security Fund Council shall conduct risk assessment and make collective discussions and decisions when formulating the asset allocation plan of the National Social Security Fund and determining major investment projects.

The National Social Security Fund Council shall formulate risk management and internal control measures to identify, measure, evaluate, monitor and respond to risks in all aspects of management and operation, and effectively prevent and control risks. Risk management and internal control measures shall be reported to the financial department of the State Council and the social insurance administrative department of the State Council for the record.

The National Social Security Fund Council shall formulate accounting methods according to law and submit them to the financial department of the State Council for examination and approval.

Article 8

The National Social Security Fund Council shall regularly report the management and operation of the National Social Security Fund to the financial department of the State Council and the social insurance administrative department of the State Council, and submit financial and accounting reports.

Article 9

The National Social Security Fund Council may entrust the National Social Security Fund to invest or invest in other ways approved by the State Council.

Article 10

Where the National Social Security Fund Council entrusts the National Social Security Fund to invest, it shall select a professional investment management institution and a professional custodian institution that meet the statutory conditions to serve as the investment manager and custodian of the National Social Security Fund respectively.

The National Social Security Fund Council selects investment managers and custodians in accordance with the principles of openness, fairness and impartiality, publishes selection information, organizes expert review, makes collective discussions and decisions, and announces selection results.

The National Social Security Fund Council shall formulate measures for the selection and appointment of investment managers and custodians, and report them to the financial department of the State Council and the social insurance administrative department of the State Council for the record.