(Yicai Global) Aug. 30 -- The Chinese the government is planning to allocate unlisted state-owned assets to the National Council for Social Security Fund (SSF), with the total amount expected to reach trillions of yuan, online news platform The Paper cited Wang Zhongmin, vice chairman of the SSF, as saying.

Funding for the SSF has come from several major sources since its inception, with 10 percent coming from firms with state-owned shares at the time of being listed.

The companies can either allocate shares or offer capitals equivalent to the share value, Wang said. Around 250 to 260 billion of state-owned shares have been allocated to SSF in its 16 years to date.

The proposed government plan is to allocate those non-listed large state-owned assets (shares of state-owned companies) to SSF. It is still under discussion, and an accurate and practical plan has not been decided yet, Wang added. The total amount would total trillions of yuan which are much larger than previous ones.

SSF manages CNY2.5 trillion (USD379 billion) in social security funds. Over its 16 years, the overall annualized returns have been 8.37 percent.