China's private pensions need drastic stimulus as national pool dries
Although a three-pillar pension system has been established in China, the country is in urgent need of more drastic changes as its population ages and declines.
China has been urged to push forth on firm stimulus policies for its newly established private pension scheme in order to increase the thus-far muted demand in the personal retirement savings market.
Industry experts believe the central government and regulators need to introduce more tax incentives as well as more sophisticated investment products to attract meaningful inflows into its private pension scheme, all while the national pension pool dries up due to a declining and in…
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