Annuity market to open to overseas investors

By Li Xinran  |   2008-6-11  |     ONLINE EDITION

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-- Adverstisement --

CHINA'S annuity market is expected to open to overseas service providers as the government has sped up legislation on the issue, the top pension fund regulator said today.

Only 10 million people from about 32,000 companies with a total of 151.9 billion yuan (US$22 billion) had joined the annuity project by the end of last year, accounting for 5 percent of the country's pension fund, Dong Yingshen, director of the pension division of the Ministry of Human Resources and Social Security, said ar Mercer's 2008 Global Retirement Forum.

China's corporate annuity fund will experience robust growth over the coming years, reaching 1 trillion yuan in 2010 and 8 trillion yuan by 2030, according to a government forecast.


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Annuity market to open to overseas investor...

CHINA'S annuity market is expected to open to overseas service providers as the government has sped up legislation on the issue, the top pension fund regulator said today. Only 10 million people from about 32,000...

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