Thought leadership

2014 China Retirement Investment White Paper Summary

In 2014, the China Insurance Regulatory loosened curbs on insurers’ investment by allowing them to invest in venture capital funds, preferred shares, collective trusts and overseas assets. Around the same time, the MOHRSS (Ministry of Human Resources and Social Security) released circular 23 titled “Expanding the Investment Scope of Enterprise Annuity Funds” and circular 24 titled “Relevant issues concerning the pension products of Enterprise annuities.” These measures expanded the scope of investment of the Enterprise Annuity plans. How did this impact China's retirement landscape?