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In Depth: Battle Begins for China’s Private Pension Funds

By Wu Yujian, Wu Xiaomeng, Quan Yue and Kelsey Cheng
2022年11月09日 21:03
Institutions are rushing to bring investment products to market in wake of government plan to grow the underdeveloped sector

The last six months have witnessed a scramble among banks, insurers and mutual fund firms in China to develop pension offerings in preparation for what could be a new world of opportunities.

In a milestone for the country’s now-meager personal pension market, the central government released a framework in April to develop the industry, as the state-run pension system faces growing pressure from a rapidly aging population.

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