May 2018

04May

How China can build a more sustainable financial system

Chinese investors should integrate environmental, social and governance concerns into their investment decisions in order to fulfil their duties to their beneficiaries and support the development of China’s Ecological Civilization, according to a new report. Investor duties should also reflect and align with the Chinese government’s Guidelines for Establishing a Green Financial System, the report found. Investor Duties and ESG Integration in China, published in March, is the joint work of the UN Environment Finance Initiative (UNEP FI), the Principles for Responsible Investment (PRI),...

May 4, 2018
News, Slider,
Read more...

March 2018

30Mar

China. 5 major changes set for pension insurance system

China's urban and rural residents pension insurance system, covering more than 500 million people, will meet five major changes, four years after it was established in 2014, according to a report by chinanews.com. The Ministry of Human Resources and Social Security and the Ministry of Finance released a guideline on Monday, indicating that the urban and rural residents pension insurance system, having not been established for a long time, still has some problems and needs to be improved. The security level...

March 30, 2018
News, Slider
Read more...

February 2018

27Feb

China’s pension funds stable, sufficient for 17.3 months

China's social security fund is stable overall despite deficits in certain places, said You Jun, vice minister of Human Resources and Social Security at a press conference on Monday. The total social security fund -- which consists of five major social security insurance programs, including medical and unemployment -- stood at nearly 7.6 trillion yuan at the end of last year, compared with 6.6 trillion yuan in 2016 and 5.9 trillion yuan in 2015. Pension funds drew 3.27 trillion yuan in...

February 27, 2018
News, Slider
Read more...

January 2018

18Jan

Fidelity International eyes mutual, pension fund business in China

Fidelity International, which launched three private funds in China in the past eight months, said on Thursday it would explore opportunities in the Chinese mutual and pension fund market. Fidelity was the first global asset manager to be awarded China’s private fund management licence a year ago, as the country gradually opens up its $2.2 trillion (1.59 trillion pounds) fund industry to global asset managers. Other managers have followed suit. Fidelity said it aimed to launch a larger variety of funds...

January 18, 2018
News, Slider
Read more...
09Jan

China. THEKEY: A New Ecosystem Of Identity Verification For The Future

The blockchain has ushered in the third generation of the internet and with it, an entirely new set of requirements to participate and function in a worldwide economy and distributed online ecosystem. One of the most promising new technologies in the blockchain space is a Chinese company called THEKEY (www.THEKEY.vip) who have situated themselves as a leader in bringing your personal verifiable identity onto the internet. A decentralized app, THEKEY is built on the Neo blockchain and will provide...

January 9, 2018
News, Slider
Read more...
04Jan

China. More provinces mull entrusted pension investment: official

Three provinces and one autonomous region are planning for entrusted pension investment to deal with mounting payment pressure, a social security official said Wednesday. Gansu, Zhejiang and Jiangsu provinces as well as Tibet Autonomous Region are considering entrusting some of their pension funds, totaling 150 billion yuan (23.05 billion U.S. dollars), to the National Council for Social Security Fund (NCSSF) for professional investment, according to Tang Xiaoli, an official of the Ministry of Human Resources and Social Security. China is facing...

January 4, 2018
News, Slider
Read more...
02Jan

Insurers adapting to ageing Hong Kong and China with policies that cover longer lives

Ageing populations in Hong Kong and mainland China are leading the insurance industry to extend the age range of life products and to include cover for more diseases and for mental illness, according to a senior executive at reinsurer Swiss Re. Robert Burr, the managing director and head of life and health reinsurance client markets in Asia, told the South China Morning Post in an interview that statistics showed 25 per cent of people born today would be able to live to...

January 2, 2018
News, Slider,
Read more...

December 2017

18Dec

Comparison of Psychosocial Factors Affecting the Demands for Pension Plans Between American and Chinese Residents

By Ruiqi Tian (Southwest Jiao Tong University - Psychological Research and Counseling Center) & Ruilin Tian (North Dakota State University - Department of Accounting, Finance, and Information Systems) Pension becomes more and more important as people are living longer and pursuing higher living quality after retirement. This paper is to analyze the psychosocial factors that affect people’s pension demands in the US as well as in China. As two representative countries that have different pension systems, cultures, value systems, family...

December 18, 2017
Articles, Labor Market, , , ,
Read more...
11Dec

China’s pension funds struggling to cope with ageing population-state media

Thirteen pension funds in regions and administrative units around China only have enough money to pay less than one year’s worth of pensions, media reported on Monday, as the country struggles with an ageing population and shortfalls in the nation’s pension schemes. Guangxi, Jiangxi, Hainan, Inner Mongolia, Hubei, Shaanxi, Tianjin, Hebei, Liaoning, Jilin, Qinghai, Heilongjiang and the Xinjiang Production and Construction Corps can all pay less than one year’s worth of pensions to workers covered under the respective funds, the...

December 11, 2017
News, Slider
Read more...

November 2017

27Nov

China. Fintech energizes real economy

Chinese financial technology or fintech firms are expected to lead industry innovation and facilitate growth of small and medium-sized enterprises or SMEs in the Asia-Pacific region, said an executive of a leading Chinese fintech company. Tang Ning, founder and CEO of Beijing-based CreditEase, said tremendous development opportunities await fintech firms as well as peer-to-peer or P2P lenders in the next decade despite a stricter regulatory environment. After more than 10 years of development, China's fintech has entered the world's top league....

November 27, 2017
News, Slider
Read more...