﻿{"id":19754,"date":"2024-01-27T06:58:04","date_gmt":"2024-01-27T06:58:04","guid":{"rendered":"https:\/\/fintechrobos.com\/?p=19754"},"modified":"2024-01-27T06:58:04","modified_gmt":"2024-01-27T06:58:04","slug":"china-promotes-full-implementation-of-private-pension-system","status":"publish","type":"post","link":"https:\/\/www.menamoney.org\/ar\/china-promotes-full-implementation-of-private-pension-system\/","title":{"rendered":"China promotes full implementation of private pension system"},"content":{"rendered":"<p>China will promote the full implementation of a private pension mechanism that has already been introduced in 36 cities and regions, the Ministry of Human Resources and Social Security announced Wednesday.<\/p>\n<p>At a press conference held in Beijing, the ministry said the system has been running smoothly and \u201cpositive progress\u201d has been made since its introduction in 2022, adding that more than 50 million people have opened accounts to participate in the mechanism.<\/p>\n<p>The mechanism allows Chinese citizens to contribute up to 12,000 yuan (about 1,700 U.S. dollars) annually to individual pension accounts.<\/p>\n<p>The private pension mechanism will complement the country\u2019s current pension system consisting of the basic old-age pension, enterprise annuities and commercial insurance for the elderly, offering another layer of support for the aging population.<\/p>\n<p>Source: <a href=\"https:\/\/english.news.cn\/20240124\/5103013bf2184d3998d1fd916049d13b\/c.html\" target=\"_blank\" rel=\"noopener\">english.news<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>China will promote the full implementation of a private pension mechanism that has already been introduced in 36 cities and regions, the Ministry of Human Resources and Social Security announced Wednesday. At a press conference held in Beijing, the ministry said the system has been running smoothly and \u201cpositive progress\u201d has been made since its [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":19755,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[],"class_list":["post-19754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>China promotes full implementation of private pension system - MenaMoney<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.menamoney.org\/ar\/china-promotes-full-implementation-of-private-pension-system\/\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China promotes full implementation of private pension system\" \/>\n<meta property=\"og:description\" content=\"China will promote the full implementation of a private pension mechanism that has already been introduced in 36 cities and regions, the Ministry of Human Resources and Social Security announced Wednesday. 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