Saturday , September 18 2021
Home / South China Morning Post / China to set up US$1.72 billion state pension company in response to rapidly ageing population

China to set up US$1.72 billion state pension company in response to rapidly ageing population

Summary:
[unable to retrieve full-text content]China plans to set up a state pension company with registered capital of 11.15 billion yuan (US.72 billion), a filing showed on Thursday, the latest step by the world’s most populous nation to boost funds for its citizens’ retirement.China is wooing booth public and private sector involvement as it tweaks its US.2 trillion pension system for a rapidly ageing population faced with the prospect of underfunding.Seventeen bank-affiliated wealth management units, insurers and state institutions…

Topics:
Reuters considers the following as important:

This could be interesting, too:

Jeffrey P. Snider writes Eurodollar University’s Making Sense; Episode 99, Part 3: When Everyone Understands Why The Dollar Goes Up, We Celebrate Our Show’s Demise

Jeffrey P. Snider writes PracTICal Remainders and Reminders

Jeffrey P. Snider writes Dollar Warning Update From The Islands Which Started It

Marc Chandler writes Euro Holds above Yesterday’s Lows Even After the ECB Denies the FT Story

[unable to retrieve full-text content]
China plans to set up a state pension company with registered capital of 11.15 billion yuan (US$1.72 billion), a filing showed on Thursday, the latest step by the world’s most populous nation to boost funds for its citizens’ retirement.China is wooing booth public and private sector involvement as it tweaks its US$1.2 trillion pension system for a rapidly ageing population faced with the prospect of underfunding.Seventeen bank-affiliated wealth management units, insurers and state institutions…
About Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.