The reason why the pension went to Changjiang Pension Insurance Co., Ltd. may be that the Labor and Social Security Bureau entrusted Changjiang Pension Insurance Co., Ltd., which is a state-owned enterprise. ?
Under the leadership and support of Shanghai Municipal Government, Ministry of Human Resources and Social Security (formerly Ministry of Labor and Social Security) and China Insurance Regulatory Commission, on May 9, 2007, China Pacific Insurance Group and other 13 state-owned large and medium-sized enterprises were formally established. Yangtze River Pension is a national and professional pension management institution. In 2009, with the approval of the China Insurance Regulatory Commission, the company completed part of the share transfer and capital increase, and the current registered capital is 787.6 million yuan.