On january 10th the ministry of finance transferred 10% of its holdings of industrial and commercial bank, agricultural bank and bank of communications to the national social security fund council (hereinafter referred to as the social security foundation).
According to the Circular issued by the Ministry of Finance and the Ministry of Human Resources and Social Security, the State-owned Capital Transfer Account of the Social Security Foundation receives 12331645186 A-shares held by the Industrial and Commercial Bank of China, or% of the total common stock of the Bank, from the Ministry of Finance and the Ministry of Human Resources and Social Security.
According to the Circular of the Ministry of Finance and the Ministry of Human Resources and Social Security, the State-owned Capital Transfer Account of the Social Security Foundation receives 13723909471 A-shares of the shares of the Agricultural Bank, or% of the total common stock of the Bank, from the Ministry of Finance to the Social Security Foundation.
According to the Circular on Change of Interests issued by Bank of Communications, according to the Circular on Transfer issued by the Ministry of Finance and the Ministry of Human Resources and Social Security, the State-owned Capital Transfer Account of the Social Security Foundation receives a one-time transfer from the Ministry of Finance to Bank of Communications shares in Bank of Communications shares of 1970269383. National Social Security Fund Council State-owned capital transfer of six households holding the above-mentioned% of the Bank of Communications shares.
At the end of September 2019, ICBC, Agricultural Bank and Bank of Communications issued announcements saying that they had been notified that the Ministry of Finance of shareholders had transferred 10 percent of its stake in ICBC, Agricultural Bank and Bank of Communications to the National Council of Social Security Funds. According to the A-share closing price at the time, the value of the transfer of ICBC's stake exceeded 67.7 billion yuan, the value of the transfer of AgBank's stake exceeded 100 million yuan, and the value of the transfer of the bank's stake exceeded 10.7 billion yuan. According to the January 10 closing price, the transfer of ICBC equity value of 100 million yuan, the transfer of Agricultural Bank equity value of 50.5 billion yuan, the transfer of Bank of Communications equity value of 10.7 billion yuan, a total of 134.5 billion yuan.
In accordance with the relevant provisions of the Circular of the State Council on Printing and Distributing the Implementation Plan of the Fund for the Enrichment of Social Security with Partial State-owned Capital (Guofa  No.49), the Social Security Foundation shall fulfill its obligation of no more than three years for the transfer of shares from the date of transfer to the account. (For more original information, please download the \"Surging News\" app)