Legal analysis: The National Social Security Fund Council is a public institution managed by the Ministry of Finance. As a fund investment operation organization, the administrative level is not clear. 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. The national social security fund shall regularly announce the income and expenditure, management and investment operation to the public. The financial department, social insurance administrative department and auditing organ of the State Council supervise the revenue and expenditure, management and investment operation of the national social security fund. According to the institutional reform plan of the State Council approved by the First Session of the 13th National People's Congress, the National Social Security Fund Council will be managed by the Ministry of Finance instead of the State Council, and assume the main responsibility of fund security and value preservation and appreciation. As a fund investment operation institution, the administrative level is no longer clear.

Legal basis: Article 5 of the Regulations of People's Republic of China (PRC) on Social Insurance is the objective basis of social insurance and the risk existing in the labor field. The object of insurance is the subject of insurance, which is specific. Including workers (including their relatives) and employers, social insurance is compulsory, and the purpose of social insurance is to maintain the regeneration of the labor force. The property insurance fund comes from contributions and financial support from employers and workers. Insurance coverage is limited to employees, excluding other social members. The insurance coverage is limited to all kinds of risks in labor risks, excluding other risks such as property and economy.