China Financial Daily

National Social Security Fund: the first case of transfer of the territory of the social security funds of state-owned shares has been completed
Press 1 from the National Social Security Fund Council was informed that the territory came to work in state-owned shares to carry out a smooth, Sichuan Chengdu-Chongqing [9.03 -3.32%] Expressway Company Limited 50 million state-owned shares have been successfully transferred to the name of the National Social Security Fund, which means that the first transfer of the territory of the social security funds of state-owned shares has been completed.

June 19 this year, the Ministry of Finance, the SASAC, the SFC and the National Social Security Fund Council, jointly announced with immediate effect from the stock market in the territory of the implementation of state-owned shares to holders of policies, to holders of state-owned shares by the holders of the National Social Security Fund Council.

Related to the National Social Security Fund Council said, as of now, the Council has accepted China’s construction [6.85 -1.30%] Company, Ltd. and other 13 stocks and initial public offering of state-owned shares of listed companies to hold approved, involving state-owned shareholders 66 home, the shares should be transferred about 20 million shares changing hands.

The official also said that the territory of the state-owned shares to holders of policies were implemented, strengthen the National Social Security Fund will help to broaden the financing channels of the National Social Security Fund; is conducive to domestic stability and healthy development of securities markets; is conducive to improve the social security system ; is conducive to optimizing the ownership structure of listed companies, improve corporate governance, to promote the deepening of reform of state-owned enterprises.

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