China to expand its private pension plan nationwide - from Monday December 15.
Caixin had a heads up on this:
- China is poised to roll out a private retirement account program nationwide after nearly two years of trials in select cities and regions.
- The move comes as the country intensifies efforts to establish a personal pension system addressing the challenges posed by a rapidly aging population.
Xinhua confirming the data now.
This is supportive for Chinese shares, at the margin.
This article was written by Eamonn Sheridan at
www.forexlive.com.
