Pension fund investors are in for a shock, with global equity market falls reducing their assets. There are a few ways they can react to minimise falls and maximise returns.
As Beijing seeks to expand its pension system it will need to find ways to simplify how the system is managed, instead of maintaining the set of watchdogs that currently have a say.
As part of its efforts to reform the pension industry, China could let corporate pensions invest offshore via international fund managers. It's a sizeable business opportunity.
China has bold pension reform plans, including giving foreign fund houses more entry to its market and expanding the range of investment vehicles to be eligible pension products.
The desire of companies in the country to switch from defined benefit to defined contribution pensions is throwing up challenges for savers.
The country's retirement funds must embrace a broader array of investments, including alternative assets, if they are to meet the needs of their fast-aging population.