Accelerating the transfer of state-owned assets to social security
Today’s point of view: State-owned assets transfer to social security accelerates reform of state-owned enterprisesThe Ministry of Commerce notified that after the Ministry of Finance, the Ministry of Human Resources and Social Security decided to transfer 10% of the equity of China Taiping Insurance Group Co., Ltd. held by the Ministry of Finance to the National Social Security Fund in one time.
Taiping Group is the second state-owned enterprise transferred in 2018.
Not long ago, the Ministry of Finance, the Ministry of Human Resources and Social Security just studied and decided to transfer 10% of the shares held by the People’s Insurance Group of China to the National Social Security Fund.
In my opinion, a large number of large state-owned enterprises’ equity transfers took place in just a few days, which may mean that the pace of transfer of state-owned assets to social security funds is accelerating.
In November 2017, the State Council issued the “Implementation Plan for Transferring Part of the Current Capital Enrichment Social Security Fund”, which proposed that the central and local state-owned and state-controlled large and medium-sized enterprises and financial institutions should be divided into transfer areas, and the transfer ratio should be unified into the company’s substantial equity10%, the gap in the basic pension insurance fund based on the replacement of equity dividends.
In fact, since 2001, three rounds of conventional asset enrichment social security fund policies have been implemented in the past, namely the “reduction of state-owned shares to raise national social security funds” in 2001, and the “transfer of domestic shares to enrich national social security in 2009”.Fund “and the 2017” Transfer of Old-Fashioned Capital Enrichment Social Security Fund “.
So, what about these transfers over the years?
The author reviewed the annual report of the social security fund indicators over the years and noticed that from 2010, the social security fund indicators began to reveal the relevant situation.
As of the end of 2017, the financial allocation of funds and shares to the National Social Security Fund continued for 8577.
8 billion yuan, of which, state-owned shares reduced transfer funds and shares 2827.
7.5 billion (reduction of funds 955.
6.3 billion yuan, 1028 domestic shares held.
5.7 billion yuan, 843 overseas stock transfers.
55 ppm) As for investment income, the annual report of the social security fund indicators did not specify specific details.
On the whole, as of the end of 2017, the annual average investment income of the 夜来香体验网 social security fund has been transformed since its establishment8.
44%, the cumulative investment income was 10073.
9.9 billion yuan.
The author believes that the transfer of state-owned assets to social security funds is accelerating. In addition to enriching social security funds, it will also play a positive role in promoting the reform of state-owned enterprises.
Because from the perspective of the original enterprise, the transfer of state-owned assets is an important means of using the dating social security fund as a diversified shareholder to adjust the equity structure.
This is mainly reflected in two aspects: First, the social security fund will not interfere with the daily production and management of the enterprise, and promote the maintenance and appreciation of assets.
This is evident from the 武汉夜网论坛 investment income of the social security fund.
Second, social security funds appear in existing enterprises in the form of shareholders, and the state-owned enterprises have shifted from “one-dominated” to diversified shareholder checks and balances.
This is definitely a positive and positive impact on the operating efficiency of traditional enterprises.
This is also an important direction for the reform of state-owned enterprises.
In many places, local implementation plans for transferring some conventional capital to enrich the social security fund have also been introduced, and some provincial enterprises are being selected for pilot transfers, after which they will be transferred in batches to other eligible provincial enterprises’ regular equity.
This will have a positive effect on further promoting the reform of state-owned enterprises.