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China orders tightening of control of social security funds.
(From BBC Monitoring International Reports)
Text of report in English by official Chinese news agency Xinhua (New China News Agency)
Beijing, 14 September: China's top watchdog of social security funds has issued a notice to tighten control over investment of social security funds.
All social security funds, except for amounts which are required to be paid, must be deposited in banks or used to purchase state treasury bonds. They are not allowed to be put into other investments before the state has devised new regulations, according to a notice by the Ministry of Labour and Social Security.
The notice was issued following a widely …
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