China pension reform and the opportunities it brings
Chinese pension system reform is an extremely interesting and highly relevant topic to international and local Chinese asset managers alike. China has the largest population in the world and it is ageing. However, the 3-pillar pension system still has a long way to go in its development. The public pension (first-pillar) is the most developed among the three while the second pillar (corporate annuity and professional annuity) is still very small. The third pillar (individual pension) is under construction but promises to be a fast-growing and very significant part. The expected growth of the pension sector would mean great business opportunities to asset managers and other solution providers.
Meanwhile, at the expenditure front, the growth of pension and the ageing society would also push quite a few industries such as healthcare, insurance, special real estate, etc. The investment opportunities in such industries in China also pose important topics in this workstream.
We’d like to foster the exchange of experience between China and Europe in pension system development, in pension asset allocation, etc. We would also wish to provide a platform where global asset managers can communicate with Chinese pension operators to demonstrate their capability and resources.