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The State Council has confirmed a.......>

CHINA PRESS
CHINA PRESS: The State Council has confirmed a plan for a pilot program this
year to transfer 10% of the shares of some state-owned-enterprises (SOEs) to
basic pension funds, the Economic Information Daily, a newspaper under the
official Xinhua News Agency, reported Monday. The plan, announced Saturday, is
to used the money from  the shares to fund pensions for SOE workers. The
transfers would not involve listed SOEs and would not create a process to turn
SOE shares into cash, the newspaper said, citing an unidentified Ministry of
Finance official. The plan calls for increasing the pace of the transfers in
2018 and the following years. (Economic Information Daily)

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