SOEs may aid funding of nation's pension system

Cash-rich State-owned enterprises have a key role to play in ensuring the nation's pension system can make ends meet, a leading official from China's mutual fund industry said on Thursday.

Sun Jie, chairman of the Asset Management Association of China, called for more funds to be transferred to the pension system from SOEs' profits.

"The target is to enrich pension fund resources and upgrade investment efficiency," he said.