China sees growing private pension funds sales agencies2025/2/6 7:17:23(Beijing Time) Lange Steel
China saw a growing number of qualified fund sales agencies to cater to the wealth management demands of clients participating in the country's private pension scheme.
There were 52 funds sales institutions for private pension as of the end of 2024, up from 37 in 2022, said the Asset Management Association of China.
Among them, 19 are commercial banks, including the Industrial and Commercial Bank of China and the Agricultural Bank of China. The rest are 25 securities companies and eight independent sales institutions.
To enhance the old-age security system, China piloted a private pension scheme in certain cities in 2022 and expanded the program nationwide in December 2024.
The scheme allows participants to contribute up to 12,000 yuan ($1,674) annually to their private pension accounts and offers them tax incentives. The account could be used to buy specific wealth management products such as funds.
Lange Singapore Business Trip ..
To build The Belt and Road \"iron and steel industry business cooperation platform, Lange steel network organized a series of international busin.....
TUBE, WIRE, METAL AND WELDING ..
TEKNO is a biannual trade show covering the industries of TUBE, WIRE AND CABLE, WELDING AND CUTTING and METAL and is the best professional trade show .....
Lange Belt and Road Initiative..
Lange Belt and Road Initiative Business Trip to Russia will hold on 6-10th June, 2017. At present, countries in Asia and Europe are at a critical s.....
