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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment

Part of state-owned shares to be transferred to social security fund

Posted on 22 June 2009

From Cctv.com: In a move to inject funds into China’s social security system and support an aging population, the State Council recently reached a decision requiring specific listed companies to transfer a portion of state-owned shares to the National Social Security Fund.
The measure applies to 131 state-controlled companies that have listed on the domestic stock
market after reforms introduced in 2005, their current market capitalization is nearly 64 billion yuan. The policy also applies to companies that will list in the future………Full Article: Source


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