NSSF should hold more SOE shares: Dai Xianglong

More shares in state-owned enterprises should be transferred to China's National Council for Social Security Fund to help the country close the gap between pension assets and liabilities, says NCSSF chairman Dai Xianglong. In a speech on financial reform at the Shanghai International Financial Forum on Sunday, he argued that the government’s shareholdings in SOEs, especially banks, are too large. “They can be reduced to 51%, which means a controlling stake," he says. "The part a…