On September 25, 2000 (August 28, 2000 in the lunar calendar), the State Council decided to establish the National social protection Fund Council. On September 25, 2000, in order to raise and accumulate social protection funds and further improve the social protection system, with the approval of the Party Central Committee, the State Council decided to establish a "National social protection Fund" and established a "National social protection Fund Council" and appointed Liu Zhongli as chairman. At present, my country's economic system reform has entered a critical stage, the reform of state-owned enterprises has gradually deepened, the industrial structure is in a period of major adjustment, reform, opening up, and economic construction are facing new historical tasks, and a stable social environment is particularly needed. At this stage, laid-off workers from state-owned enterprises, unemployed people and some people in special difficulties among urban residents still need financial assistance from the government. At the same time, my country's population aging process is accelerating, and the task of social protection for the elderly is becoming more and more important. This requires the establishment of a complete social protection system to be accelerated. The Party Central Committee and the State Council attach great importance to the construction of the social protection system. Since the reform and opening up, we have actively promoted the reform of the social protection system based on China's national conditions, and initially formed a social protection system framework in cities and towns focusing on employee pension, medical and unemployment insurance, and minimum living security for residents. However, in a developing country with a large population like my country, the construction of a social protection system is a very complex social system project. To this end, the State Council has organized special forces and is further studying and formulating specific plans to standardize and improve the social protection system. It is very important to further improve the social protection system and establish various specific protection systems suitable for China's national conditions. At the same time, corresponding financial guarantees are also needed. The main sources of my country's current social protection funds are: the basic pension, medical care and unemployment insurance funds for urban enterprise employees mainly rely on the contributions of insured enterprises and employees; the basic pension insurance for employees of government agencies at all levels relies on government finance, and medical insurance relies on government finance and individual contributions; The basic pension insurance for employees of public institutions with full appropriations depends on government finance, the basic pension insurance for enterprise-managed public institutions relies on contributions from units and employees, and the medical insurance and unemployment insurance funds for employees of all public institutions rely on contributions from units and employees; the funds for urban minimum living security mainly come from local finance at all levels. In order to meet the growing need for social protection funds, it is necessary for the state to raise and accumulate a fund from various channels to play a supplementary and regulatory role when it is inappropriate to raise payment standards. To this end, with the approval of the Party Central Committee, the State Council decided to establish a "National social protection Fund" and established a "National social protection Fund Council" directly under the leadership of the State Council. The main tasks of the council are: to manage the funds allocated by the central government, the funds obtained through the realization of some state-owned assets, and the funds raised in other forms; allocate funds in accordance with the instructions and determined methods jointly issued by the Ministry of Finance and the Ministry of Labor and social protection; Select and entrust professional asset management companies to operate the fund's assets to achieve maintenance and appreciation; and announce the assets, income, cash flow, etc. of the social protection fund to the public. The raising and accumulation of social protection funds is a long-term process. Therefore, various methods of raising funds will be carried out in a planned and step-by-step manner and will be conducive to the stability and development of the capital market. The most important principle of the social protection fund council for the operation of the fund's assets is to ensure the safety of the social protection fund and achieve value-added. The expenses of the council will be borne by the central government and will not occupy the social protection fund. The value-added part will also be included in the fund. The directors of the National social protection Fund Council are appointed by the State Council and are composed of the following persons (in order of the strokes of their surnames): Gan Daoming, Liu Kegu, Liu Guoguang, Liu Tianzhong, Zhang Zuoji, Zhang Junjiu, Chen Jinhua, Jing Shuping, Yang Jike, Yuan Baohua, Cui Naifu, Lou Jiwei. Among them, some used to hold important positions in relevant departments, some are now holding important positions, some are well-known figures in society, and some are representatives of enterprises, employees and the private industrial and commercial circles. They are all government staff, scholars, experts and celebrities who are enthusiastic about this cause. The Council sincerely hopes that all sectors of society will care about and support this work, and welcomes supervision from all parties.