Scope of transfer, target, proportion and the scope of transfer by the undertaker (1). Central and local state-owned and state-controlled large and medium-sized enterprises and financial institutions will be included in the scope of transfer. Unless otherwise stipulated by public welfare enterprises, cultural enterprises, policy and development financial institutions and the State Council. (2) the object of transfer. If the central and local enterprise groups have completed the reform of the corporate system, the equity of the enterprise group will be directly transferred; If the central and local enterprise groups have not completed the reform of the corporate system, they should pay close attention to the reform and transfer the equity of the enterprise group according to the regulations after the restructuring; At the same time, explore the equity transfer of the first-level subsidiaries of enterprise groups that have not completed the reform of corporate system. However, the shares of listed and unlisted enterprises formed by the national social security fund due to various reasons such as the transfer of state-owned shares and investment are excluded. (3) transfer ratio. First of all, the basic goal is to make up for the gap of 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 to transfer the state-owned shares of enterprises with a unified proportion of 10%. In the future, combined with the basic old-age insurance system reform and sustainable development requirements, if further transfer is needed, further research will be carried out. Undertake the task. The transferred state-owned equity is an important part of the basic old-age insurance fund. The transfer of state-owned shares of central enterprises is entrusted by the State Council Social Security Fund to be responsible for centralized holding, separate accounting, assessment and supervision. When conditions are ripe, with approval, the social security fund may set up a pension management company to independently operate the transferred state-owned shares of central enterprises. The transferred state-owned shares of local enterprises are centrally held, managed and operated by wholly state-owned companies established by provincial people's governments. The transfer of state-owned shares can also be entrusted to the province (autonomous regions and municipalities) with the function of state-owned capital investment and operation of the company's special account management. Transfer procedure (1) According to the deployment and steps of the transfer of state-owned shares of central enterprises, the state-owned assets supervision and administration institution is responsible for putting forward a proposal for the transfer of shares of supervised enterprises, which will be examined and confirmed by the Ministry of Finance in conjunction with relevant departments. Among them, the central enterprises supervised by SASAAC in the State Council are reviewed and confirmed by the Ministry of Finance in conjunction with SASAAC in Ministry of Human Resources and Social Security and the State Council; Central financial institutions shall be examined and confirmed by the Ministry of Finance in conjunction with Ministry of Human Resources and Social Security. The state-owned assets supervision and administration institution mentioned in this scheme refers to the departments (institutions) that perform the responsibilities of investors on behalf of the State Council and local people's governments, and the financial departments that are responsible for supervising and managing the state-owned assets of enterprises run by administrative institutions and financial enterprises. (2) According to the audited transfer plan, the state-owned assets supervision and administration institution shall specifically handle the procedures for drawing out the state-owned shares of enterprises, and the social security fund shall handle the procedures for drawing in the shares accordingly, and set up a special account to manage the drawn-in state-owned shares. The transfer of state-owned shares of local enterprises shall be handled according to the central enterprises. (3) If the transfer object involves multiple state-owned shareholders, the state-owned assets supervision and administration institution of the largest shareholder shall be responsible for the preliminary examination of the status of state-owned shareholders and the shares to be transferred, and report to the finance department at the same level for confirmation. If the state-owned shareholders belong to the central and local management respectively, according to the equity relationship of the largest shareholder, the state-owned shares to be transferred shall be transferred to the social security fund or the wholly state-owned companies in various provinces (autonomous regions and municipalities) and other undertakers. (4) Where the state-owned shares of listed companies are transferred, the state-owned assets supervision and administration institution shall simultaneously issue a Notice on the Transfer of State-owned Shares to China Securities Depository and Clearing Co., Ltd., and send a copy to the Social Security Fund or the wholly state-owned companies of all provinces (autonomous regions and municipalities) and other contractors. China Securities Depository and Clearing Co., Ltd. shall, within 15 working days after receiving the notice of transfer of state-owned shares, handle the change registration of state-owned shares with the social security funds of all provinces (autonomous regions and municipalities) or wholly state-owned companies. (5) After the state-owned shares are transferred to the social security fund or the wholly state-owned companies in various provinces (autonomous regions and municipalities), the relevant enterprises shall make timely accounting adjustments and make good registration of property rights changes of state-owned assets according to regulations. The transferor of state-owned shares shall notify the creditors of the enterprise of the transfer. Where the equity of shares of a listed company changes, the relevant enterprises shall fulfill their information disclosure obligations in accordance with the relevant provisions of securities supervision. (six) the state-owned assets supervision and administration institution is responsible for providing the financial department at the same level with the implementation of the annual transfer task. After the Ministry of Finance summarizes it step by step, it will report it to the State Council together with Ministry of Human Resources and Social Security, the State Council SASAC, CSRC and Social Security Fund. The main body that undertakes the management of state-owned capital (1) Capital management. As financial investors, social security funds and wholly state-owned companies in all provinces (autonomous regions and municipalities) enjoy the right of income and disposal of state-owned shares, do not interfere in the daily production and operation management of enterprises, and generally do not send directors to enterprises. When necessary, directors may be sent to the enterprise upon approval. For the allocated state-owned shares, the social security funds of all provinces (autonomous regions and municipalities) and wholly state-owned companies shall, in principle, fulfill the obligation of locking-in period of more than three years and inherit other obligations of the original shareholders. During the lock-up period, if the relevant enterprises involved in the transfer go public, they shall inherit the obligations of the original shareholders during the lock-up period. (2) Revenue management. For the incorporated state-owned shares, the income of social security funds and wholly state-owned companies in various provinces (autonomous regions and municipalities) mainly comes from equity dividends. Social security funds and wholly state-owned companies in all provinces (autonomous regions and municipalities) can also obtain benefits through state-owned capital operation with approval, except for enterprises required by the state to maintain special shareholding ratio or requirements. The handover steps are completed in accordance with the principle of pilot first, hierarchical organization and steady progress. The first step is to select some central enterprises and some provinces for pilot projects in 20 17. Central enterprises include three to five central management enterprises supervised by SASAC the State Council and two central financial institutions. The transfer of pilot provinces shall be organized and implemented by the people's governments of relevant provinces (autonomous regions and municipalities). The second step is to transfer the state-owned shares of other qualified enterprises run by central management, central administrative institutions and central financial institutions in batches from 20 18 and thereafter, and complete the transfer as soon as possible. The people's governments of all provinces (autonomous regions and municipalities) are responsible for organizing and implementing the transfer of state-owned shares of local state-owned enterprises.