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China Personal Pension System: About Time

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Thematic (Sector/Industry)

China Insurance / Thematic (Sector/Industry)

<ul><li>China has drafted tough requirements that insurance companies would need to meet to participate in the state-backed personal pension scheme.</li><li>The China Banking and Insurance Regulatory Commission (CBIRC), the country’s top insurance watchdog, issued draft rules to nearly 100 life, health or pension insurers late last month.</li><li>The draft marks the latest step in fleshing out a framework released in April by the State Council, China’s cabinet, for a growing personal pension market.</li></ul>

China has drafted tough requirements that insurance companies would need to meet to participate in the state-backed personal pension scheme.The China Banking and Insurance Regulatory Commission (CBIRC), the country’s top insurance watchdog, issued draft rules to nearly 100 life, health or pension insurers late last month.The draft marks the latest step in fleshing out a framework released in April by the State Council, China’s cabinet, for a growing personal pension market.

China Merchants Securities Co Ltd (A) (600999 CH)

China Drafts Tough Rules for Insurers to Join National Personal Pension Scheme, Sources Say