Hey there, amigos! 🌟 China's got some exciting news for us! On Friday, the Chinese mainland unveiled a bunch of cool measures to amp up financial support for its pension system and turbocharge the silver economy. 🚀💸
The People's Bank of China, along with eight other big players, dropped an official document outlining 16 key measures. What's in the mix? Diversifying financial services, channeling more resources to rural areas, and helping folks plan financially for their golden years. 🏡🌾
They're opening up more financing channels for sectors tied to the silver economy, boosting credit support, and encouraging direct financing. Plus, they're jazzing up pension products, cracking down on shady financial activities, and beefing up financial literacy and consumer protection for the elderly. 📚🛡️
By 2028, they're aiming to build a supportive financial system for pension services and the silver economy. Talk about future goals! 🎯
But wait, there's more! On Thursday, the government announced that a private pension scheme is expanding from 36 pilot cities and regions to the whole country. This move complements the current national pension system and adds another layer of support for China's aging population. 🗺️❤️
China is stepping up to tackle the challenges of an aging society, and we can't wait to see how these changes unfold! Stay tuned, friends! 🤩
Reference(s):
China to step up financial support for pension system, silver economy
cgtn.com
