As China’s age profile continues its rapid inversion, the need for more private pensions is drawing some of the biggest asset managers to the world’s most populous nation.These so-called Pillar III pension funds — which are opted into by individuals on a voluntary basis, as opposed to relying on the state or companies for contributions — were still “at a nascent stage” in China, according to a 2020 study produced by BlackRock and the People’s Bank of China. Only Rmb2.2tn ($330bn) had been invested in them, it found, highlighting the relatively low amount of savings in the country’s private pension system.
隨著中國的年齡結構繼續快速倒轉,對更多私人養老金的需求正在吸引一些大型資產管理公司來到這個全球人口最多的國家。