Financial Times FT.com

China may shift shares to fund pensions

By Jamil Anderlini in Suzhou

Published: February 29 2008 22:04 | Last updated: March 1 2008 04:06

Beijing is considering transferring shares from state-owned companies to the national pension fund to help fill a gaping shortfall, the fund’s new head told the Financial Times on Friday.

Dai Xianglong, chairman of the National Council for Social Security Fund, said the government, individuals and companies all had to increase contributions if the $70bn fund was to meet the pension commitments to the country’s ageing workforce.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this