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What is the difference between the National Council of Social Security Fund transfer an account and the social security fund
It is the account for transferring state-owned shares to social security. There are not many state-owned enterprises in the GEM, but there are a lot of state-owned enterprises in the shareholders of the GEM. As long as in the CSRC was registered as "state-owned shares", "state-owned legal person shares" and other nature of the size of the non-profit, in the holding company to participate in the listing of the social security cut a way. \x0d\\\\x0d\\ in August 2000, the Party Central Committee and the State Council decided to establish the National Social Security Fund, and at the same time set up the National Social Security Fund Council, responsible for the management and operation of the National Social Security Fund. \The National Social Security Fund is the centralized social security fund of the central government, and is an important strategic reserve of the country, which is mainly used to meet the social security needs of the future peak period of population aging. \x0d\ According to the Interim Measures for Investment Management of the National Social Security Fund announced on December 13, 2001, the sources of the National Social Security Fund include: \x0d\ central government budgetary allocations; \x0d\ funds allocated from the reduction of state-owned shares; \x0d\ funds raised in other ways as approved by the State Council; \x0d\ investment income; \x0d\ equity assets. \x0d\ The National Council for Social Security Fund is a full ministerial-level institution directly under the State Council, and is an independent legal entity responsible for the management and operation of the National Social Security Fund. Its main responsibilities are: \x0d\ Management of funds allocated by the central government, funds obtained from the reduction of state-owned shares and funds raised by other means. \x0d\ To formulate investment and business strategies for the National Social Security Fund and organize their implementation. \x0d\ Selecting and entrusting the investment manager and custodian of the National Social Security Fund, conducting investment operation and custodianship of the assets of the National Social Security Fund, and inspecting the investment operation and custodianship; and conducting direct investment operation of the assets of the National Social Security Fund within the prescribed scope. \x0d\ Responsible for the financial management and accounting of the National Social Security Fund, prepare financial accounting statements and draft financial accounting reports on a regular basis. \x0d\ Regularly publicize to the community the financial situation of the National Social Security Fund in terms of assets, income and cash flow. \x0d\ Disbursement of funds in accordance with the directives issued by the Ministry of Finance and the Ministry of Labor and Social Security*** together and in a determined manner. \x0d\\ Undertake other matters assigned by the State Council.
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