Hey there! 📢 Big news from Beijing! The Financial Street Forum 2024 is in full swing from October 18 to 20. On its second day, experts and leaders gathered for a session titled 'Propelling High-Quality Development of Pension Finance: Global Progress and China's Opportunities'.
So what's the buzz about? 🤔 It's all about China's pension system and its three pillars. Let's break it down:
- Public Scheme: This is the basic pension provided by the government to ensure a safety net for retirees.
- Enterprise Scheme: Also known as occupational pensions, these are provided by companies to their employees, adding an extra layer of security.
- Private Schemes: Individual pension plans where people can invest on their own for a comfy retirement.
Why does it matter? With an aging population, China’s focusing on strengthening these pillars to ensure financial stability for its people in their golden years. 🌟
Stay tuned for more updates from the forum! 🇨🇳✨
Reference(s):
cgtn.com
