The State Council recently issued the Implementation Plan for Transferring Part of State-owned Capital to Enrich Social Security Fund, which set a specific road map and timetable for transferring part of state-owned capital to enrich social security fund.

The "Proposal" clarifies that, first of all, the basic goal is to make up for the gap in the basic old-age insurance fund for enterprise employees caused by the policy that enterprise employees enjoy the same payment period during the transition period of the basic old-age insurance system for enterprise employees, and the transfer ratio is unified to 10% of the state-owned shares of enterprises. According to the "Proposal", the handover work was completed in accordance with the principle of pilot first, hierarchical organization and steady progress. 20 17 select some central enterprises and some provinces to carry out pilot projects; 20 18, in batches.

Experts believe that the allocation of state-owned capital to enrich the social security fund is conducive to the sustainable development of the old-age insurance system, and strategic reserves are made to cope with the increasing pressure on the expenditure of the old-age insurance fund at the peak of China's aging population in the future. The participation of social security funds and other entities in shareholding will further optimize the corporate governance structure of listed companies, help improve the management level of enterprises and have a positive impact on the capital market.