SOE shares

The Chinese government is working on a plan to transfer some shares in listed State-owned enterprises (SOEs) to the national pension fund, part of an effort to boost the fund and improve the management of SOEs.

The State-owned Assets Supervision and Administration Commission (SASAC), which oversees the assets of central SOEs on behalf of the central government, is in talks with the Ministry of Finance and the China Securities Regulatory Commission about the plan, says SASAC official Su Guifeng.

"But the proportion of how many shares shall go to the national pension fund has not been decided yet," Su adds.

Fund management

The country needs to improve its management of public funds to help redress income inequality in China, Wang Xiaolu, deputy chief of the National Economy Research Institute under the China Reform Fund, said last week in Beijing at the launch of the book "Income Inequality and Poverty in Transition China."

In some areas poverty relief funds are embezzled, and funds for infrastructure construction are misused, Wang says, claiming that the top officials of traffic bureaux in 17 provinces, autonomous regions and municipalities had been punished because of corruption.

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