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China Should Increase Pension Participation in Capital Markets: News

CHINA PRESS
MNI (Sydney)

China should boost old age pensions and channel them into capital markets needing long-term funds, the Shanghai Securities News reported citing PBOC Deputy Governor Li Bo. Chinese financial markets lack long-term capital, particularly owners' equity, while its economy is too dependent on loans and its industries lack technology investments, Li said at the Boao forum. The pension contribution in OECD countries accounted for 126% of GDP in 2018 while in China it was only 10%, Li said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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