Sichuan Expressway transfers 50m shares to pension fund

Sichuan Expressway Co has transferred 50 million of its newly listed shares to the national pension fund as per the recent government directive.

So far, 13 to-be listed (or newly listed) State-owned companies have submitted share transfer plans to the national pension fund, involving transfer of nearly 2 billion shares.

Sichuan Expressway was the first firm to complete the transfer, the National Social Security Fund (NSSF) said yesterday.