The country's reform of its three-pillar pension system continues to see slow progress. Experts say developments should focus on the third pillar of individual pension schemes.
It is the first time the China pension fund has sought to hire external managers for overseas mandates since 2015. The mandates include its first mandate for responsible investing.
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Outspoken and well-regarded Lou Jiwei has been replaced by another ex-ministry of finance official, Liu Wei.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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