Social Security Fund

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Draft law on social insurance increases the provision for the establishment of a National Social Security Fund

Xinhua Beijing, December 22 (reporter Zheng, Zhao) 22nd of the National People's Congress of the third trial of the Bill of Social security, increased the establishment of the National Social Security Fund provisions.  In considering and soliciting the views of various parts, some members of the Standing Committee and the National Social Security Fund Council have proposed that the National Social Security Fund as a strategic reserve fund for Social Security should be stipulated in the social Insurance law. The National People's Congress Legal Committee and the State Council Legal Office, Human Resources and Social Security Department, the National Social Security Fund Council study, proposed to increase the provisions: the State ...

Social Security Fund: Domestic state-owned shares after the transfer of assets will exceed 740 billion

Reporter 16th from the National Social Security Fund Council learned that June 30, 2009, the National Social Security Fund total assets of more than 660 billion yuan, and domestic state-owned shares after the implementation of the total assets will be more than 740 billion yuan.  June 19 This year, the Ministry of Finance, SASAC, the CSRC and the National Social Security Fund Council jointly announced that from now on in the domestic securities market to implement the state-owned shares of the policy, the transfer of state-owned shares by the National Council of Social Security Fund held. National Social Security Fund Board of Directors that the implementation of domestic state-owned shares of the policy, is conducive to broadening the national Social Security Fund funding channels;

Foreign media says China Social Security Fund total assets up to 700 billion yuan

December 2 morning, according to foreign media reports, the Chinese state television quoted sources in Tuesday that, as at the end of October, the total assets of China's Social Security fund reached 700 billion yuan. According to sources, the National Social Security Fund Council has 46% of its assets invested in fixed income products, and 32% of its assets are invested in equities.  It is reported that the National Social Security Fund investment rate of return is 12.98%, but the report does not specify the statistical time period. The National Social Security Fund board chairman Dai Xianglong said July that by the end of June, the total assets of the fund exceeded RMB 6 ...

Social Security Fund to reduce 15.3 million shares of ICBC H

View the latest quotes from the stock exchange of Hong Kong, recently, ICBC was reduced by the Social Security Fund, reducing the size of about 15.3 million shares of H shares, involving HK $96.36 million.  The disclosure of rights and interests of the SEHK shows that the Social Security Fund reduced its share of the shares from 19.01% to 18.99% in Friday (April 9) at an average price of HK $6.3.  The Social Security Fund to reduce the size of ICBC, is significantly lower than the previous reduction of the Bank of China. The same information from the Hong Kong stock Exchange shows that April 1, the Social Security Fund sold 30 million shares ...

950 million yuan new agricultural Insurance pilot grant funds issued

BEIJING, December 4 (Xinhua) in support of the new rural social Endowment insurance pilot work, the State Council of the new Rural Social Endowment Insurance pilot Group Office has approved 27 provinces and cities of the pilot counties, the central government December 4 issued the first special grant funds 950 million yuan. The Ministry of Finance requested the pilot counties to allocate funds to the Social Security Fund finance Special Account in time to ensure that the basic pension is paid in full to the rural residents who meet the eligibility conditions.

Dai: China can withstand current inflation levels

China National Social Security Fund Board chairman Dai Xianglong (column) 15th at the Boao Forum for Asia said that there is current inflationary pressure, but relative to the current rate of economic growth, this level of inflation can withstand.

China has reached an agreement to sell part of ads to ads at a price of $14.50 per share

China Hand Tour (NASDAQ:CMGE) announced today that it has reached an agreement to sell some ads shares at a price of $14.50 per share of ads.   The deal will bring 16.4 million of billions of dollars of gross income to Chinese hands before deducting the costs. Considering the sale, the investment involves about 4.1% per cent of China's hand-held share of shares. China National Social Security Fund Council will acquire 1.035 million shares of ads in champion, ICBC Credit Asset Management (International) Limited will be the investment manager of the deal. Work Suisse China ...

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