The National Council for Social Security Fund is a sovereign wealth fund set up by the Central Committee of CPC and the State Council in 2000. The SSF functions as a government agency at the ministerial level directly under the State Council of the People’s Republic of China, and is responsible for the management and operation of NSSF. Managing the capital allocated by the central government, the capital and equity assets derived from reduction or transfer of state-owned shares and capital raised by other
NSSF serves as the national social security reserve fund for China to supplement and adjust eh social security spending such as social insurance duringthe peak time period of the aging population. The funding sources of NSSF include fiscal allocation from the central government, the transofer of state-owned capital and the fund investment proceeds.
On August 1, 2000, the Central Committee of CPC and the State Council decided to establish the National Social Security Fund (NSSF) and the National Council for Social Security Fund (SSF) to manage and operate the assets of NSSF.