财新传媒
财新英文 > 要闻 > 正文

Finance Ministry to Transfer $16 Billion in Equities to Pension Shortfall Fund

2019年09月26日 20:06 来源于 财新网
Ministry will transfer 10% of its shares in two of China’s largest state-owned banks
On Sept. 25, two large state-controlled banks announced that China's Ministry of Finance would transfer 10% of its equity in them to the national social security fund. Photo: IC Photo

The Ministry of Finance will transfer around 115 billion yuan ($16.1 billion) in state assets to the national social security fund, in the government’s latest effort to stave off a looming pension shortfall.

The transfer shows how keen the central government is to move forward on the policy, dating back to 2017 (link in Chinese), which aims to bolster China’s pension funds as the country’s population rapidly ages.

版面编辑:喻竹杨洋
财新私房课
好课推荐