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China's pension funds post surge in investment returns in 2020

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BEIJING : Chinese pension funds posted an investment return rate of 15.84per cent last year, nearly doubling the 20-year average of 8.51per cent, a report from the National Council for Social Security Fund showed on Wednesday, partly due to a jump in domestic stock markets. China, the world's most populou

BEIJING : Chinese pension funds posted an investment return rate of 15.84per cent last year, nearly doubling the 20-year average of 8.51per cent, a report from the National Council for Social Security Fund showed on Wednesday, partly due to a jump in domestic stock markets.

To counter the economic impact of rapid ageing and the resulting shortfall in pension funds, the government has relaxed its family planning policy, allowing couples to have up to three children, and said it would gradually delay its national retirement age.

 

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