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-Fitch: SOE Stake to Boost China Pension Fund, May Support Reform

Dec 04, 2017 - ENP Newswire

China's plan to transfer 10% of the government's equity in most commercially-oriented state-owned enterprises (SOEs) to the Social Security Fund (SSF) in early 2018 could put some pressure on SOEs to raise dividends and may eventually support efforts to improve SOE efficiency, says Fitch Ratings.

However, the immediate impact is likely to be minimal and, even over the longer term, it is uncertain to what degree the SSF will be able to prioritise financial interests in the management of its...