Related News
China's top legislature begins reading of draft law on social security funds
Source: Xinhua |
October 25, 2010, Monday
|
Online Edition
Online Edition
CHINA'S top legislature today began its fourth reading of a draft law on social insurance that aims to prevent the improper use of social security funds.
The draft law stipulates that social security funds may neither be used to cover government budget deficits, build or renovate government offices, nor pay government agencies' day-to-day expenditures.
The draft was submitted to the Standing Committee of the National People's Congress today.
The first draft was submitted to the legislature in December 2007, following a scandal in Shanghai involving 3.7 billion yuan (US$502.3 million) of social security funds.
After investigations, authorities there determined that a municipal labor and social security bureau-owned company had illegally loaned the sum to Shanghai Feidian Investment Development Co. Ltd.
The draft law stipulates that social security funds may neither be used to cover government budget deficits, build or renovate government offices, nor pay government agencies' day-to-day expenditures.
The draft was submitted to the Standing Committee of the National People's Congress today.
The first draft was submitted to the legislature in December 2007, following a scandal in Shanghai involving 3.7 billion yuan (US$502.3 million) of social security funds.
After investigations, authorities there determined that a municipal labor and social security bureau-owned company had illegally loaned the sum to Shanghai Feidian Investment Development Co. Ltd.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
