China Archives - Page 20 of 29 - Pension Policy International

10DecDecember 10, 2020

Aging China Must Work Longer and Invest Smarter

China is getting older. That means the Chinese people will have to work longer. But deeper reforms will also be necessary to ensure income growth doesn’t stagnate. Read also Asset management CEO arrested in Taiwan pension fund scandal The world’s most populous country has begun aging rapidly over the past decade, but the pace is going to pick up even more as tens of millions reach retirement age. The working population—people between the ages of 15 and 59—will drop by...

December 10, 2020

News, Slider2020, Aging, China, COVID-19, Investment

01DecDecember 1, 2020

China’s Regulators Vow ‘Special’ Oversight of Fintech Giants

China plans to impose “special and innovative regulatory measures” on financial technology behemoths such as Jack Ma’s Ant Group Co. to eliminate monopolistic practices and strengthen risk controls. Advances in technology have brought tremendous change to the financial sector, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission and Party Secretary of the central bank, wrote in an article outlining regulations over the next five years. It was cited in the official Shanghai Securities News. Financial innovations...

December 1, 2020

News, Slider2020, China, COVID-19, Fintech, Regulation

30NovNovember 30, 2020

China’s plans to hike retirement age from 60 fuels public discontent

China is making a new push to raise one of the world’s lowest retirement ages as it tries to cope with a rapidly aging population, a move that’s already fueling public discontent and will test the Communist Party’s ability to implement reforms. The ruling party alluded to the change earlier this month when it released an outline of its five-year economic plan, which included a recommendation to “implement postponing the retirement age.” Specific measures in the plan are due...

November 30, 2020

News, Slider2020, China, COVID-19, Pension Reform, Retirement Age

27NovNovember 27, 2020

Pension and Health Services Utilization: Evidence from Social Pension Expansion in China

By Shanquan Chen, Xi Chen, Stephen Law, Henry Lucas, Shenlan Tang, Qian Long, Lei Xue and Zheng Wang The proportion of people aged 60 years or over is growing faster than other age groups. The well-being older adults depend heavily on their state of health. This study evaluates the effects of pensions on older adults' health service utilization, and estimates the size of pension required to influence such utilization. Using a nationally representative survey, the China Health and Retirement...

November 27, 2020

Articles, Pension design, System Sustainability2020, Asia, China, Social Protection, Social Security

23NovNovember 23, 2020

China to introduce new policies to tackle ageing population

China is planning to include new measures to encourage more births and address issues associated with its rapidly ageing population and shrinking workforce as part of its new 2021-2025 “five-year plan”, according to state media. Read also Malaysia is ageing, raise retirement age to 65 gradually, says World Bank Citing experts, the official China Daily newspaper said on Monday that the Chinese government will offer extensive financial and policy support to encourage couples to have more children. Read also Australia’s...

November 23, 2020

News, Slider2020, Aging, China, COVID-19

05NovNovember 5, 2020

Social Insurance, Demographics, and Rural-Urban Migration in China

By Neha Bairoliya, Ray Miller We develop a dynamic general equilibrium model to analyze the impact of social insurance policy and demographic changes on rural-urban migration in China. Quantitative analyses indicate that different social insurance programs not only have differential effects on net migration flows but also on the age and income distribution of migrants. Enrolling migrants in urban pensions discourages rural-urban migration at young ages and reverse migration in old-age. In contrast, urban health insurance incentivizes rural-urban migration...

November 5, 2020

Aging, Articles, System Sustainability2020, Asia, China, Social Security

29OctOctober 29, 2020

Highlights of China’s elderly care over past five years

China has been running at full tilt to foster a social environment in which senior citizens are respected, cared for and live happily in the span of the 13th Five-Year Plan (2016-2020), given the country's fast-growing aging population. By the end of 2019, China had a population of 254 million aged 60 or above, accounting for 18.1 percent of the national population. The number is expected to exceed 300 million in the next five years, according to the Ministry of...

October 29, 2020

News, SliderAging, Asia, China

19OctOctober 19, 2020

Japanese pension funds may hold key to Chinese JGB puzzle

China has ramped up purchases of low-yielding Japanese government bonds China stormed back into Japanese government bonds over the summer with ¥2.2tn ($21bn) in purchases between June and August — the biggest three-month spree since Japan’s Ministry of Finance began compiling data in 2005. The country has made several similar incursions to the JGB market since 2016 — the previous record high for purchases — snapping up Japan’s notoriously low-yielding debt on a grand scale and causing head-scratching over what...

October 19, 2020

News, Slider2020, China, Investment, Japan

01SepSeptember 1, 2020

Many Chinese women unprepared for retirement risk: survey

There is not enough awareness amongst Chinese woman concerning risks associated with retirement, a new study finds. The first retirement risks management white paper focusing on women, done by Manulife-Sinochem with the Fudan Development Institute, found less than half (47.4 percent) of those interviewed said they have pension insurance policies. In terms of the choice of protection, interviewees were generally worried about large medical expenditures, accessibility to care services, accidents and insufficient income. China’s population is aging – a...

September 1, 2020

News, Slider2020, China, Gender Gap

30JulJuly 30, 2020

China’s Policy Instruments : Tax Reduction, Retirement Prolonging and Welfare Changes

By Peilin Yang China is facing a series of signiﬁcant debt problems. We have studied the changes in debt and beneﬁts under different policy instruments under the framework of large-scale OLG. Under the three retirement ages, as the retirement age increases, the maximum increase in beneﬁts is 17.98%, and the debt is 75.69%. Under the ﬁve tax rates, the optimal tax rate is 28%, the maximum increase in beneﬁts is 22.65%, and the maximum debt ratio is 75%. Source:...

July 30, 2020

Articles, Pension design, Regulation2020, Asia, China, Public Policy, Taxation

December 2020

Aging China Must Work Longer and Invest Smarter

China’s Regulators Vow ‘Special’ Oversight of Fintech Giants

November 2020

China’s plans to hike retirement age from 60 fuels public discontent

China to introduce new policies to tackle ageing population

October 2020

Highlights of China’s elderly care over past five years

Japanese pension funds may hold key to Chinese JGB puzzle

September 2020

Many Chinese women unprepared for retirement risk: survey

July 2020

China’s Policy Instruments : Tax Reduction, Retirement Prolonging and Welfare Changes