ICBC, Bank of China, China Construction Bank and Agricultural Bank of China will launch encourage personal deposits in retirement savings products.
August 10, 2022The incumbent government's Super Home Buyer Scheme, seen as a play for voters, is being cricitised by the superannuation industry.
May 19, 2022The product was launched by a BlackRock-CCB joint venture, the first foreign-controlled institution that was approved to take part in private pension pilot trials.
April 28, 2022Employees will be allowed to contribute up to CNY 12,000 annually to individual pension accounts, which can be invested in relatively lower risk and longer-term financial products.
April 25, 2022China's crackdown on certain sectors has left super fund executives fearing that direct equity exposures to China may not be worth the added risk.
March 18, 2022The pilot scheme began in September with 4 domestic banks being allowed to offer retirement wealth management products in four cities.
March 2, 2022The SEC proposes changes to reduce the chance of voluntary provident funds being dissolved or liquidated, which it says could impact THB 1.3 trillion in capital market investments.
December 6, 2021The banks will pilot new wealth management products across four selected cities to help address China's retirement savings gap.
December 1, 2021Morningstar has expressed concern that the rules do not require super funds to disclose specific stocks or bonds held in portfolios run by external asset managers.
November 16, 2021Four domestic banks will test wealth management products for one year in Wuhan, Qingdao, Chengdu and Shenzhen.
September 15, 2021