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utional investors, gradual proliferation of product development, and initial signs of fee reductions have been driving the future gr
上海龙凤419owth of China’s ETF market,” said Ray Chou, a partner with Oliver Wyman and co-author of the report.
For example, the E Fund ChiNext ETF, the biggest ETF that tracks the startup board in Chi
na, has seen increases in the number of institutional and retail investors holding上海龙凤419品茶微信
shares, with more than 480 percent and 340 percent growth from 2017 to 2018, respectively.
He suggested that fund management companies develop differentiat
上海龙凤419ed propositions to address investor needs, with pensions being a particularly prom
ising area thanks to the philosophy of long-term investment commitment and stable returns.
China offers consumers three ways to save for retirement – the national pension sys上海龙凤419品茶微信
tem, voluntary occupational pensions, in the form of annuities and covering only a min
上海龙凤419品茶微信ority of the population, and private savings, said Fang Lianquan, a researcher at the Cen
ter for International Social Security Studies of the Chinese Academy of Social Sciences.
“With regulators giving the green light to pension targeted securities investment funds last year, targeted security investm上海龙凤419
ent funds, which fall into the third category, are quickly gathering pace in China,” Fang said.
上海龙凤419″In China the retirement or pension market is on the rise. As regulators started to en
courage commercial pensions, that’s definitely an area that players should look into,” Chou noted.
A report from the Chinese Academy of Social Sciences released la上海龙凤419品茶微信
st year said that the pension gap in China would expand to 890 billion
上海龙凤419yuan by 2020, but the nation’s younger generation seemed ill-prepared for their later years.
According to a survey jointly conducted by investment fu
nd Fidelity International and internet giant Ant Financial last A上海龙凤419品茶微信
ugust, Chinese people aged between 18 and 34 believed they need at least 1.63 million
yuan for a comfortable retirement. But in fact, they have average monthly savings of only 1,339 yuan per capita.