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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China market regulator approves Ping An's acquisition of New Founder GroupBEIJING : China's market regulator has approved Ping An Life Insurance's acquisition of a majority stake in New Founder Group, which was established after Founder Group started court-led restructuring proceedings last year.The anti-trust bureau of the State Administration for Market Regulation issued the
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