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State Firms Told to Hurry Up and Support Struggling Pension System

2019年09月20日 20:13 来源于 财新网
Central enterprises ordered to transfer 10% of state-owned equity by year end, local firms get until end of 2020
Seniro citizens play chess and card games Thursday at Temple of Heaven Park in Beijing. Photo: VCG

As China tries to stem a pension shortfall, the government has ordered state-owned enterprises (SOEs) to stop dragging their feet on the mandated transfer of equity to the national social security fund.

SOEs managed by the central government are meant to have transferred 10% of their state-owned equity by the end of 2019, though the deadline can be extended to the end of 2020 if companies “really have difficulties,” a document (link in Chinese) released on Friday by several central government departments read. In principle, the deadline for local SOEs is the end of 2020, the document said.

版面编辑:喻竹杨洋
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