China prepares to open pension market to foreign firms
Regulators are working on a plan to let foreign institutions become specialised pension management companies, as part of efforts to encourage more retirement savings in China.
China regulators are planning to let foreign financial institutions become dedicated corporate pension managers, a move that could pave the way for the funds being allowed to invest some of their assets overseas. The reform plans are part of a bigger goal to encourage faster retirement savings in the fast-aging country.
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