CHINA - China's asset management industry looks set for a surge in growth due in part to the country's strong pension fund development, according to Fitch Ratings.
The ratings firm based its conclusions on the huge asset figures circulating within Chinese pension funds. At the end of 2005, Social Security Fund (SSF) and Enterprise Annuity (EA) assets reached approximately...
CHINA - The head of the IMF pleaded with China to support the eurozone as she warned the global economy is heading for a "lost decade".
CHINA - Schroders head of Asia ex-Japan equities, Robin Parbrook, has poured scorn on returns made by investors in China in the last two decades, and warned the country still faces major challenges.
China is considering launching a new retirement savings programme similar to US 401k plans, the country's state media has reported.
CHINA - Li Keping, vice chairman for the National Council for Social Security Fund, will leave the fund to join the China Investment Corporation as chief investment officer.
CHINA - Chinese growth raced ahead 9.7% in the first quarter of 2011, while inflation hit its highest level since 2008.