Renewable energy
(China Daily)
Updated: 2006-10-30 10:33
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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