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How to transfer some state-owned capital to enrich the social security fund?

The plan will include central and local state-owned and state-controlled large and medium-sized enterprises and financial institutions in the scope of transfer. Unless otherwise stipulated by public welfare enterprises, cultural enterprises, policy and development financial institutions and the State Council.

The transfer of state-owned shares of central enterprises is entrusted by the State Council Social Security Fund to be responsible for centralized holding, separate accounting, assessment and supervision. The transferred state-owned shares of local enterprises are centrally held, managed and operated by wholly state-owned companies established by provincial people's governments. The transfer of state-owned shares can also be entrusted to the province (autonomous regions and municipalities) with the function of state-owned capital investment and operation of the company's special account management.

In the opinion of experts, the transfer is that the original state-owned shareholders transfer their 10% equity to the undertaker such as the social security fund, instead of making money directly.

According to the plan, the Social Security Fund and the wholly state-owned companies in all provinces (autonomous regions and municipalities) will consider the expenditure demand of the basic old-age insurance fund and the income of state-owned capital as a whole, and collect them in time to make up for the gap of the basic old-age insurance fund for enterprise employees.