China Archives - Page 9 of 30 - Pension Policy International

01JunJune 1, 2023

Canadian pension fund CDPQ puts brakes on China investment – FT

Canada's second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and will close its Shanghai office later this year, the Financial Times reported on Thursday, citing people familiar with the matter. CDPQ is currently leading its regional investment efforts from Singapore, the report said, adding that it still has business interests in China. "We paused private investments for some time already — and have focused on liquid markets, which is the majority...

June 1, 2023

NewsCanada, China, Investment, Pension Management

31MayMay 31, 2023

China. From demographic dividend to talent dividend

Population aging is a distinct demographic phenomenon in the 21st century, with declining fertility and increasing life expectancy combining to raise the share of elderly people in the total population of many countries. But unlike in Western developed countries, China's total fertility rate has declined drastically within a short period of time — from more than 6.0 in the late 1960s to 2.1 in 1991 and 1.6-1.7 since 1994 to 1.07 in 2022. In comparison, the total fertility rate is...

May 31, 2023

NewsAging, China, Labor Market

30MayMay 30, 2023

Goldman Sachs’s China dealmaker stops tapping US investors

The head of Goldman Sachs’s private equity business in Asia has said she has stopped trying to raise money in the US because of geopolitical tensions between Washington and Beijing. Stephanie Hui, who runs the Asia-Pacific private and growth equity arm of Goldman Sachs Asset Management, with investments that include deals in China, made the comments at a private equity conference in Hong Kong on Tuesday. “I’ve been asked to do observations of what we’re seeing in the marketplace . . . [one is] the...

May 30, 2023

NewsChina, Investment, US

26MayMay 26, 2023

ChatGPT spurs interest of pensions and institutional investors in Chinese AI firms

ChatGPT has brought artificial intelligence to the forefront of institutional investors' minds and Chinese AI companies are benefiting from that interest — even if limited partners and venture capital firms are keeping silent on the topic. A February report by the Center for Security and Emerging Technology, a research organization within Georgetown University in Washington, said that Chinese AI firms raised $110 billion between 2015 and 2021, of which $40.2 billion came from syndication deals in which U.S. investors participated....

May 26, 2023

NewsChina, Investment

23MayMay 23, 2023

China continues to raise basic pension payments for retirees

China announced Monday that it will raise the basic pension payments for retirees in 2023, marking 19th consecutive annual increase. The average monthly payment for pensioners of enterprises, government agencies and public institutions is set to be lifted by 3.8 percent from the 2022 level, according to a circular jointly issued by the Ministry of Human Resources and Social Security and the Ministry of Finance. Last year, China raised the basic pension payments for retirees by 4 percent from level of...

May 23, 2023

NewsChina, Social Protection

22MayMay 22, 2023

Canadian public pension fund investments in China draw heightened scrutiny

Investments in China by Canada's largest public pension funds are facing increased scrutiny amid worsening relations between the two countries and allegations that some of those investments are funding the oppression of China's Uyghur minority. Recently, representatives of the Ontario Teachers' Pension Plan and the British Columbia Investment Management Corporation, which manages the pensions of B.C. public sector workers, told a parliamentary committee studying Canada-China relations that they had paused new direct investment in China because of the increasing risks...

May 22, 2023

NewsCanada, China, Investment

22MayMay 22, 2023

China issues guidance for basic elderly care system by 2025

China has issued guidance to all provinces to build a basic elderly care system by 2025, state-run Xinhua news agency said on Sunday, in the latest step to prevent a demographic crisis. Who takes care of the elderly in China, where pensions are tiny, is one of the major headaches policymakers face as they deal with the country's first demographic downturn since Mao Zedong's Cultural Revolution. The ruling Communist Party has mobilised resources to ensure that more vulnerable age groups are...

May 22, 2023

NewsAging, China, Healthcare, Public Policy

19MayMay 19, 2023

Access to Pensions, Old-Age Support, and Child Investment in the People’s Republic of China

By Xiaoyue Shan & Albert Park This paper studies how access to public pensions affects old-age support and child investment in traditional societies. Guided by predictions from an overlapping generations model, we analyze the influences of a new pension program in rural People’s Republic of China, using a difference-in-differences approach. We find that the program crowds out transfers from working-age adults, especially men, to their elderly parents. Interestingly, the impact on child investment significantly differs by child gender. While adult...

May 19, 2023

Articles, System Characterization2023, China, Coverage, Public Pensions, Social Protection

12MayMay 12, 2023

Canada. British Columbia Investment Management hits pause on China deals

British Columbia's public pension manager has paused direct investments in China, the latest institutional investor to rethink its exposure to the world's second-largest economy due to geopolitical risks. A senior executive from British Columbia Investment Management revealed the policy during testimony this week to a Canadian parliamentary committee. Ontario Teachers' Pension Plan has made a similar move, suspending new investments in private assets in China, Bloomberg reported in January. BCI still has Chinese investments, mostly through public markets and index funds,...

May 12, 2023

NewsCanada, China, Investment, Political economy

08MayMay 8, 2023

China pursues high-quality population development to support modernization

China has sent a clear signal to adapt to the new normal in its demographics in an effort to boost modernization by improving the overall quality of its population. According to a meeting of the Central Commission for Financial and Economic Affairs held last week, China is currently experiencing a trend of birthrate decline, population aging, and differentiation in regional population growth. The latest official data showed that China's population reached 1.41175 billion at the end of 2022, a drop of...

May 8, 2023

NewsAging, China, Public Policy

June 2023

Canadian pension fund CDPQ puts brakes on China investment – FT

May 2023

China. From demographic dividend to talent dividend

Goldman Sachs’s China dealmaker stops tapping US investors

ChatGPT spurs interest of pensions and institutional investors in Chinese AI firms

Canadian public pension fund investments in China draw heightened scrutiny

China issues guidance for basic elderly care system by 2025

Canada. British Columbia Investment Management hits pause on China deals

China pursues high-quality population development to support modernization