China News Service, January 12th. According to the Ministry of Finance website news, in order to implement the State Council’s decision and deployment on the full implementation of the transfer of part of the state-owned capital to enrich the social security fund, the Ministry of Finance, the Ministry of Human Resources and Social Security and the SASAC have worked closely to promote Transfer work.
As of the end of 2020, the transfer of eligible central enterprises and central financial institutions has been fully completed, with a total of 1.68 trillion yuan in state-owned capital transferred from 93 central enterprises and central financial institutions.
The complete completion of the transfer at the central level provides a strong guarantee for the establishment of a fairer and more sustainable pension insurance system, which fully reflects the ownership of state-owned enterprises and the sharing of development results by all.
Source: Ministry of Finance website