China Archives - Page 31 of 31 - Pension Policy International

27JunJune 27, 2017

China’s Pension Gap Is Growing as Aging Becomes Economic Risk

It's no secret that China is an aging society facing a growing pensions bill. Just how much of that bill is unfunded seems to be one though. It's an increasingly urgent question, as nearly a third of the inhabitants of the world's most populous country will be over 60 years old by 2050, according to United Nations data. By 2015, the pension of each retired resident was borne by the contributions of fewer than three wage-earners, government estimates show. When China...

June 27, 2017

News, SliderChina

31MayMay 31, 2017

China’s pension fund to join the new Silk Road investment spree

China’s 2 trillion yuan (US$290 billion) national pension fund will hop onto the country’s new Silk Road bandwagon, joining other state-backed institutions to seek lucrative deals along the route. Wang Zhongmin, a vice-chairman of the National Social Security Fund (NSSF), said the fund would take a go-slow and low-key approach, but he conceded that a bag of investment deals are in the pipeline. “We will do investments along the route,” he told the South China Morning Post . “We are resolute...

May 31, 2017

NewsChina

25MayMay 25, 2017

AMP bucks the trend with China pension push

AMP chief executive Craig Meller let the two executives running his China joint ventures make the opening presentations at the company's strategy day on Thursday. This was mostly out of courtesy to his guests, which is an important part of doing business with China, rather than a subtle signal that China will take precedence over the Australian businesses. China is an important growth engine for AMP but is still a relatively small part of the company, which has plenty of work...

May 25, 2017

NewsChina

11MayMay 11, 2017

China. AMAC calls for development of third-pillar pension products

The Asset Management Association of China (AMAC) is calling on Chinese authorities to facilitate the development of private pension schemes – the third pillar in a pension structure – to mitigate mounting financial pressure on the country’s retirement system. AMAC Chairman Hong Lei says China’s pension system became more comprehensive with the establishment of the enterprise annuity (EA) system in 2004, a supplemental defined-contribution (DC) retirement plan for Chinese enterprises – the second pillar, along with the occupational annuity (OA)...

May 11, 2017

NewsChina

26AprApril 26, 2017

China pension fund revenue grows 25 percent in first quarter: Xinhua

Chinese pension funds drew 970.8 billion yuan ($141.06 billion) in revenue in the first quarter, an increase of 25.4 percent from the same period last year, state news agency Xinhua quoted the Ministry of Human Resources and Social Security as saying. Gross expenditures of the funds reached 808.5 billion yuan, up 22.9 percent from last year, and the pension funds' account balance stood at over 4 trillion yuan at the end of March, it said. China is home to more than...

April 26, 2017

NewsChina

June 2017

China’s Pension Gap Is Growing as Aging Becomes Economic Risk

May 2017

China’s pension fund to join the new Silk Road investment spree

AMP bucks the trend with China pension push

China. AMAC calls for development of third-pillar pension products

April 2017

China pension fund revenue grows 25 percent in first quarter: Xinhua