pensions

China’s government wants to increase private investment in pension funds, with reforms that could lead to more fundamental changes in China’s financial services sector – and attractive new opportunities for UK insurers and financial institutions, writes Torsten Weller China’s demographic change has become one of the biggest challenges for Beijing, as policymakers try to avert the unwelcome prophecy of the country ‘getting old, before getting rich’. A dramatic drop in… …

An ageing population and a growth of AI means that the need for skills-based vocational training is on the rise in China, writes Tom Pattinson China’s rapidly ageing population brings about plenty of challenges and opportunities. As our report on elderly care shows there is a lot of scope for companies to help in the care sector and make the most of the gradual welfare reforms that will benefit the… …

Following the Chinese government’s announcements to reduce the financial burden on the private sector, 27 local governments have reduced the mandatory contribution to the pension fund from 20 percent to 16 percent for local companies. Although this is good news for businesses, China is nonetheless facing increasing pressure to reform its pension system. With an aging population, local governments are confronted with rising costs for its senior citizens at the… …

Professor Jane Duckett, Edward Caird Chair of Politics at the University of Glasgow, and Director of the Scottish Centre for China Research explains how, and why, China is aiming to improve its social services sector During the 21st century, measures to reduce poverty whilst improving healthcare, pensions and social services (including education and housing) have all moved up the policy agenda of the Chinese state. The Chinese Communist Party has… …