Governance and Fund Management in the Chinese Pension System
IMF Working Papers, November 1, 2009
Source details
- Canonical URL
- Governance and Fund Management in the Chinese Pension System
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Bibliographic details
- Authors: Yu-Wei Hu, Gregorio Impavido, Xiaohong Li
- Published: November 1, 2009
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451873931.001
Summary and central findings
- The Chinese pension system is highly fragmented and decentralized.
- Governance standards, pension fund management practices, and their regulation and supervision vary considerably both across the funded components of the Chinese pension system and across provinces.
- The paper:
- describes the key components of the system;
- highlights the progress made to date;
- identifies remaining weaknesses in regard to information disclosure, the governance framework and pension fund management standards.
Analysis focus areas
- System structure and key components:
- Describes the funded components of the Chinese pension system and their institutional arrangements.
- Governance and supervision:
- Documents wide variation in governance standards, regulation, and supervision across components and provinces.
- Information disclosure and transparency:
- Identifies weaknesses in information disclosure practices.
- Pension fund management standards:
- Identifies shortcomings in pension fund management standards and related practices.
Keywords and subjects covered
- Subject: Asset allocation, Asset management, Pension spending, Pensions, Securities
- Keywords: asset manager, bank deposit, fixed income, investment fund, NSSF assets, NSSF staff, private equity, WP