Alternatives to enhance retirement preparedness in Greater China

Traditional models of retirement planning in Asia have arguably been rendered obsolete by the rapid greying of regional populations, changing family support systems and the impact of the global financial crisis. While the population of over 65 year olds in the region is set to triple over the next 40 years, historically low interest rates are currently challenging retire … https://bit.ly/2Dc5W4f

Singapore and China to deepen financial cooperation

Singapore and China are looking at ways to deepen their financial collaboration and expand into new areas, with the city state’s central bank declaring it has achieved a “new milestone in financial cooperation” with the emerging-market giant. The two countries discussed the matter at a meeting of the Joint Council for Bilateral Cooperation (JCBC) last week, the Monetary … http://bit.ly/2P68Cn0

Baidu gets China fund distribution licence

China’s financial regulator has given internet giant Baidu Inc. formal go-ahead to launch a mutual fund distribution business, making the company the last of the four Mainland technology giants to enter the lucrative market. But it’s unclear whether Baidu will be able to start the business this year as it has to complete unspecified preparatory work and apply for two other … http://bit.ly/2LzxX6j

BlackRock sets up first China onshore equity fund

BlackRock Inc., the world’s largest money manager, has set up its first onshore equity fund in China for institutional investors and high-net-worth individuals, a move that the company describes as a “significant milestone” in its commitment to the Mainland. The BlackRock China A-Share Opportunities Private Fund 1 was set up by BlackRock Investment Management (Shanghai) … http://bit.ly/2MluXfw

China tax deferral for private pension “very significant”, CSIA head says

Beijing’s recent move to allow individuals to defer tax on a portion of income used to purchase commercial pension insurance products is a “very significant” step for pension reform in the Mainland, according to a top official of the China Social Insurance Association (CSIA). Under the initiative unveiled on April 2, Mainland Chinese can delay paying the tax until they retire … http://bit.ly/2kEUhjW