Home / Business / Macro

Reform of pension system 'faces challenges'

By Yang Ziman | | Updated: 2013-09-27 15:35

Authorities are moving into deep water in pension system reform, reported Beijing-based China Securities Journal.

The Ministry of Human Resources and Social Security is deliberating proposals submitted by research institutes in August, including the Chinese Academy of Social Sciences and Development Research Center of the State Council.

The institutes all urge a speeding up of pension reform despite differences in their advice.

The ministry is discussing problems facing reform, particularly the appreciation of pensions, Li Weimin, chief of the supervision department of the ministry, told China Securities Journal.

The State Information Center suggested exploring more channels to raise pension funds, such as stocks, securities, private funds and the sovereign wealth fund, to address problems arising from China's aging population in a report released in August.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349