久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Policy Watch

China to transfer state assets to social security funds

Xinhua | Updated: 2017-11-19 07:22

China will transfer some state assets, including shares of state-owned companies (SOE) and financial institutions, to the country's social security funds as an aging society puts pressure on pension payments, an official document showed Saturday.

The assets will be transferred to the National Council for Social Security Fund (NCSSF) and wholly state-owned companies, according to a document released by the State Council.

The transfer ratio will be 10 percent of the state-owned equity.

Under certain circumstances and upon approval, the NCSSF can set up a pension fund management company to independently operate the transferred assets.

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 (MOF) said in an online statement.

The program will only involve a small number of listed SOEs, with the majority being non-listed central and local SOE equity, the MOF said.

With more than 200 million people over the age of 60, China faces a severe challenge in meeting its pension obligations.

While the overall picture has stayed positive, geographical imbalance has remained. In areas where economic growth is behind the national average, such as the old industrial base of northeast China, fewer people have paid contributions while many have retired, resulting in a periodic deficit.

To address the issues, authorities have been striving to increase pension fund revenue by expanding coverage and raising fiscal investments.

Pensions are traditionally held by banks or used to purchase treasury bills. They are now allowed to be invested in a variety of financial products, including bonds and stocks.

Since the end of 2016, seven provincial-level regions have entrusted their pensions to the NCSSF in the hope of more diverse and higher returns.

The transfer program will further ease the mounting pressure, and cut the burden of the working generation by expanding the pension fund scale without raising taxes or pension contribution rates, the MOF said.

The MOF also said that the program is not aimed at selling off state-owned assets to meet the pension obligations. Rather, it is a long-term mechanism that supplements social security funds and optimizes the structure of state-owned capital.

According to previous estimates by China International Capital Corporation, a 6-percent transfer rate of SOE shares to social security funds would result in a 1 percentage point reduction to basic pension contribution rates for companies.

That will lower corporate costs notably, and will also foster the healthy growth of the capital market as social security funds become a large and long-term institutional investor in the market.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 亚洲视频在线网 | 波多野结衣在线观看一区二区 | 97超级碰碰碰碰在线视频 | 黄网视频在线观看 | 香蕉一区二区三区观 | 日本在线视频观看 | 日本三级网站在线观看 | 成人午夜免费视频毛片 | 91福利网 | 国产亚洲欧美在线人成aaaa | 美女很黄很黄是免费的·无遮挡网站 | 亚洲国产第一区二区三区 | 精品亚洲视频在线观看 | 国产美女操 | 九九九九热精品免费视频 | 日韩成人三级 | 日韩中文精品亚洲第三区 | 国产成人综合网亚洲欧美在线 | 欧美三级网 | 亚欧在线观看 | 中国一级毛片特级毛片 | 亚洲日本在线观看视频 | 久久精品国产半推半就 | 在线精品免费视频 | 国产成人啪精品视频免费网 | 成人免费福利片在线观看 | 精品一区二区三区中文字幕 | 特级淫片欧美高清视频蜜桃 | 亚洲视频日韩视频 | 国产精品久久久久精 | 国产最猛性xxxxxx69交 | 成年人在线视频观看 | 国产在播放一区 | 国产伦久视频免费观看 视频 | 欧美成人高清性色生活 | 足恋玩丝袜脚视频免费网站 | 久久精品中文字幕第一页 | 日韩一区二区三区在线免费观看 | 超级香蕉97视频在线观看一区 | 久久三级毛片 | 亚洲国产成人久久三区 |