The former deputy chair of China's national pension fund proposes the return of an account-based structure in basic pension provision, but some pension experts are not convinced.
Outspoken and well-regarded Lou Jiwei has been replaced by another ex-ministry of finance official, Liu Wei. The reasons for the change remain unclear but policy continuity is expected.
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In a keynote speech, Li Keping, a director of the Chinese state pension fund, reflected on the long-term investment challenges facing the country and the need for reform.
China's state retirement fund manager is to receive more assets from Shanghai and Sichuan province. Detailed rules about a new central adjustment fund will also be released soon.