Policymakers hope the move will help ease the pressure on pension systems as more people enter retirement than ever before.
China is poised to roll out an expansion of its nationwide private pension system as the world’s second-largest economy faces a rapidly aging population and its public pension fund is running dry.
When Texas’s largest state pension funds and endowments moved to curb China investments in recent years, they still kept ...
China’s third ... 70 million private pension accounts have been opened so far under the pilot program, the average balance was around 2,000 yuan as of Dec. 31. Overseas fund managers, such ...
China has fully rolled out its “private pension” system this week. According to the plan, each person can deposit no more than $1,600 every year to invest in financial products as a ...
China will roll out its private pension system nationwide starting from Sunday, following a two-year trial run conducted in 36 cities and regions across the country, according to a notice jointly ...
BEIJING, Dec 12 (Reuters) - China said on Thursday ... the category of eligible pension products by including government bonds, designated pension savings and index funds, they added.
(Bloomberg) -- China is expanding its private pension fund pilot program nationwide to address retirement payout strains. The limitations of the experiment are already on display. Disappointing fund ...