Battle’s on: fierce competition expected as Chinese regulators set the stage for private pension scheme

The competition has officially kicked off for financial institutions that want to take part in China’s newly established private pension scheme, as regulators released the official guidelines earlier this month.  Five of the nation’s central government bodies and regulators – the Ministry of Human Resources and Social Security, Ministry of Finance, State Taxation Administration, China Banking and Insurance Regulatory Commission (CBIRC), and China Securities Regulatory Commission (…