国资充实社保方案出炉 10%国有股权划转社保
China will transfer some state assets, including shares of State-owned enterprises (SOEs) and financial institutions, to the country's social security funds as an aging society puts pressure on pension payments, a document released by the State Council showed. The transfer ratio will be 10% of the State-owned equity. The assets will be transferred to the National Council for Social Security Fund (NCSSF) and wholly State-owned companies, according to the document. The NCSSF and local SOEs that receive the equity can earn dividends from SOE shares and have the right to disposal, but will not be involved in the management decisions of the companies, the document said. The recipients will, in principle, be subject to a three-year lock-up period before they can sell the transferred shares. Pilot programs on the transfer will start in 2017, with shares of three to five centrally supervised SOEs and two central financial institutions to be transferred. Starting in 2018, the program will be expanded to more centrally supervised companies, with assets to be transferred in groups. The move will ensure the sustainable development of the country's basic pension insurance system, while also diversifying the capital structure of SOEs as part of an ongoing reform to improve SOE efficiency, the Ministry of Finance said in a statement. |