Social security funds to get a leg up from SOEs

Enterprises would have to pay more to bridge rising income-expenditure gap, say experts

China is likely to increase the contribution by State-owned enterprises to social security funds to bridge the income-expenditure gap in the sector.

The government has already set up an inter-ministerial working group to finalize the plan to convert shares of SOEs into social security funds, the Economic Information Daily, a newspaper affiliated to Xinhua News Agency, reported, citing people familiar with the matter.