China broadens private pension scheme with new participants, products
Source: Reuters
SHANGHAI, Nov 18 (Reuters) - China broadened its private pension scheme on Friday, allowing qualified banks and wealth companies to start individual pension businesses, and published a list of mutual fund products eligible under a programme which some forecast will grow to $1.7 trillion by 2025.China launched its private pension scheme in April, as the country grapples with a rapidly ageing population, and pilot…
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