According to Sohu. Com, a foundation affiliated to the Ministry of Finance, is responsible for managing and operating the national social security fund, and centrally holds the state-owned shares of central enterprises managed and transferred, belonging to state-owned enterprises. With the approval of the State Council, it is entrusted to manage the investment and operation of the basic old-age insurance fund, and assume the main responsibility of fund security and value preservation and appreciation.

Recruitment requirements for foundations and institutions affiliated to the Ministry of Finance: Generally, they are under 35 years of age (1 born after March 19871), have professional knowledge that meets the post requirements, and have China nationality.