China. Long-term capital vital for pension system
BlackRock CCB Wealth Management and China Construction Bank have called for stronger long-term capital support to drive China's pension finance sector, highlighting in a recently released white paper that a stable and transparent capital market is vital for promoting long-term investment, building wealth and ensuring a resilient pension system. By the end of 2024, the total size of China's three-pillar pension system reached 15.66 trillion yuan ($2.2 trillion), accounting for less than 12 percent of GDP, indicating vast room for...
