Prediction: No.

China started to shift 10 percent of state-owned equity to social security funds last year as an aging society puts pressure on pension payments. It has already transferred about CNY1.1 trillion (USD156.4 billion) worth of assets to the National Council for Social Security Fund and other state-owned bodies.

China will complete the transfer of between CNY3 trillion and CNY5 trillion by the end of this year, according to official documents. It is very difficult to transfer such a large amount within a year, and for local governments the transfers are much more complex than for the central government.

So we predict that China will focus on achieving the existing target of 10 percent and will not propose additional asset transfers this year.

Editor: Kim Taylor