www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

Social security guidelines issued in Shanghai

By Wang Zhenghua (China Daily)
Updated: 2006-11-01 07:01

SHANGHAI: Scholars and experts welcomed Tuesday a guideline on the management of the city's social security fund as an investigation into abuse that has implicated senior officials and business leaders continues.

They said Shanghai is one of the first cities to demand the fund be put into a special account, as required by top authorities.

Related Readings:
  Chen dismissed for pension scandal
 Shanghai F1 chief in graft probe
 First arrest in Shanghai fund scandal
 T ycoon arrested for pension scandal 
Special coverage:
Social Security Fund In Spotlight
In recent weeks, a pension fund scandal has gripped the city and led to the sacking of Shanghai Party chief Chen Liangyu and China's top statistician Qiu Xiaohua.

Shanghai authorities are now investigating Yuan Yonglin, president and deputy chairman of the board of the listed Shanghai Haixin Group.

But an effective supervisory mechanism and transparent management are still needed to eradicate malfeasance and embezzlement, the scholars and experts said.

The guideline, issued during Monday's municipal government meeting, requires the fund to be deposited in an account specially opened for the money, and its income and expenditure should be independent. It also required the fund be used only for specific purposes.

"The proper management and use of social security funds, in defending against all possible risks of abuse, is an extremely important and urgent task," said a statement from the meeting.

China's social security funds have witnessed an average increase of 20 per cent annually over the past years, posing new administrative challenges.

Figures from the Ministry of Labour and Social Security show that by the end of 2005, the total size of the nation's five social insurance funds pension, medical care, work-related injuries, unemployment and pregnancy funds had reached 696.8 billion yuan (US$87 billion).

"Prior to the scandal, which involves the misuse of more than 3 billion yuan (US$380 million) of the city's social security funds, Shanghai had been a model city in terms of management of the fund," Feng Jin, a researcher at Fudan University said yesterday.

"Shanghai has taken some bold steps in the management of the fund totalling roughly 10 billion yuan (US$1.2 billion), including the guideline issued on Monday," she added.

However, Wang Dewen, an analyst with Chinese Academy of Social Sciences, said yesterday that a special financial account cannot guarantee the money would not be misused.

"They could make up a false record that shows the money still exists on the account but secretly embezzle it," he said. "The way to fundamentally resolve the problem is to set up an effective monitoring mechanism and require transparent transaction procedures."

But he agreed that Shanghai is heading in the right direction and making positive changes.

According to Xiang Huaicheng, chairman of the National Social Security Fund Council, China's social security fund racked up investment income of 12.14 billion yuan (US$1.52 billion) in the first nine months of 2006, at a yield of 6 per cent.

Thanks to the bullish market in the first half of the year, stock investments contributed 50 per cent of the figure, he said.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 国产欧美专区在线观看 | 不卡一级毛片免费高清 | 亚州色吧 | 国产精品9999久久久久 | 久草在线视频免费看 | 日本久久99| 可以免费看黄色的网站 | 九九国产精品 | 在线亚洲精品国产成人二区 | 亚洲日韩中文字幕在线播放 | 国产成人在线视频播放 | 国产精品久久久99 | 娇喘嗯嗯~轻点啊视频福利 | 美女黄页网站免费进入 | 欧美日韩一区二区三区在线 | 亚洲欧美一区二区久久 | 亚洲精品色一区二区三区 | 欧美一区在线观看视频 | 亚洲男人网 | 亚洲国产精品自产拍在线播放 | 黄色三级视频 | 在线免费观看亚洲视频 | 97国产免费全部免费观看 | 日本aaaa片毛片免费 | 欧美日韩a级片 | 国产精品欧美视频另类专区 | 91九九| 久久一本一区二区三区 | 黄色网址在线免费观看 | 免费国产a国产片高清不卡 免费国产不卡午夜福在线 免费国产不卡午夜福在线观看 | 污美女网站www在线观看 | 国产精品久久久久久久久福利 | 国产一级一级 | 亚洲视频免费在线观看 | 中国一级毛片视频 | 91香蕉成人免费网站 | 91色老99久久九九爱精品 | 亚洲欧美日韩综合久久久久 | 久久久高清免费视频 | 精品极品三级久久久久 | 97青草香蕉依人在线播放 |