Media reports suggests that 3 to 5 state firms, as well as 2 central financial institutions, have been included in the first batch of a share-swap program, in the latest bid to reform the country's state-owned enterprises.
A proportion of shares of these companies and institutions will be transferred to the country's social security fund.
China's finance ministry is going to be in charge of the pilot program.
Earlier this month, the State Council announced that 10% of State-owned equity will be transferred to the Social Security Fund.
For more on this, the Beijing Hour's Paul James earlier spoke with John Ross, senior fellow with Chongyang Institute for Financial Studies, Renmin University.
