China's Pensions Sector Opening Up to Foreign Investment

August 26, 2019 | BY

Vincent Chow

Foreign insurers are encouraged to participate in the country's emerging private pensions sector as the state pension fund is heading towards a $1.6 trillion gap over the next 30 years.

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China's aging population is finally forcing the government to open up its pensions market. Authorities are planning a series of policy measures aiming to make it easier for foreign companies to tap the country's nascent private pensions sector for the first time.