ASIFMA’s China Pensions Reform Report highlighted in SCMP story “China’s private pension market could be US$969 billion opportunity for foreign firms by 2030: KPMG report”
From the article-
“Ongoing reforms to China’s challenged retirement system present big opportunities for global asset managers wanting to tap into the 28 trillion yuan (US$3.8 trillion) potential market, according to a joint report by KPMG China and the Asia Securities Industry and Financial Markets Association (ASIFMA).
China’s pension system is in urgent need of reform, as the current framework is unable to cope with the needs of an increasingly elderly population, Eugenie Shen, head of ASIFMA Asset Management Group, said in the report released on Monday.”
Read more below.