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