It is the account where state-owned shares are transferred to social security. There are not many state-owned enterprises in GEM, but there are many state-owned enterprises among the shareholders of GEM. As long as it is registered as "state-owned shares" and "state-owned legal person shares" in China Securities, the holding company will be cut off by social security when it goes public. \ x0d \ x0d \ 2000 August 2000, the CPC Central Committee and the State Council decided to set up the National Social Security Fund and the National Social Security Fund Council to manage and operate the National Social Security Fund. \x0d\ The National Social Security Fund is a centralized social security fund of the central government and an important strategic reserve of the country, which is mainly used to make up for the social security needs in the peak period of population aging in the future. \x0d\ According to the Interim Measures for Investment Management of National Social Security Fund promulgated on February 3, 20001/,the sources of national social security fund include: \x0d\ central budget allocation; \x0d\ The reduction of state-owned shares is included in the capital; \x0d\ Funds raised by other means approved by the State Council; \x0d\ Investment income; \x0d\ equity assets. \x0d\ The National Social Security Fund Council is a ministerial organization directly under the State Council, and an independent legal entity responsible for the management and operation of the national social security fund. Its main responsibilities are: \x0d\ to manage the funds allocated by the central government, the funds obtained by reducing state-owned shares and the funds raised by other means. \x0d\ Formulate the investment and operation strategy of the national social security fund and organize its implementation. \x0d\ Select and entrust the investment manager and custodian of the national social security fund to invest, operate and trust the assets of the national social security fund, and inspect the investment operation and trust; Directly invest in the assets of the national social security fund within the prescribed scope. \x0d\ Responsible for the financial management and accounting of the national social security fund, regularly prepare financial accounting statements and draft financial accounting reports. \x0d\ Publicize the assets, income, cash flow and other financial information of the National Social Security Fund to the public on a regular basis. \x0d\ Allocate funds according to the instructions and determined methods jointly issued by the Ministry of Finance and the Ministry of Labor and Social Security. \x0d\ To undertake other tasks assigned by the State Council.