Article 1 These Measures are formulated in accordance with the spirit of the central government's decision on raising social security funds through multiple channels and the State Council's relevant policies on the transfer of state-owned shares in the domestic securities market.

Article 2 The term "state-owned shareholders" as mentioned in these Measures refers to the state-owned shareholders confirmed by the state-owned assets supervision and administration institution.

Article 3 The term "state-owned assets supervision and administration institutions" as mentioned in these Measures refers to the ad hoc institutions that perform the investor's duties on behalf of the State Council and the people's governments at or above the provincial level (including cities with separate plans) and are responsible for supervising and managing the state-owned assets of enterprises, as well as the financial departments at all levels responsible for supervising and managing the state-owned assets of financial enterprises.

Article 4 The term "state-owned shares" as mentioned in these Measures refers to the shares of listed companies held by state-owned shareholders.

Article 5 The term "transfer of state-owned shares" as mentioned in these Measures refers to the transfer of some state-owned shares of listed companies to the National Social Security Fund Council (hereinafter referred to as the Social Security Fund Council) according to 65,438+00% of the actual number of shares issued when a joint stock limited company issues shares for the first time and goes public.