November 2012 Vol. 17 No. 11
China banks march into enterprise annuity
By Hui Ching-hoo
Twelfth five-year plan to bring overhaul of pension fund industry
The increasing presence of Chinese banks in the country’s enterprise annuity (EA) industry in recent years looks set to be further reinforced by initiatives unveiled by the Chinese government in the twelfth five-year plan that aim to expedite reform of the country’s pension industry. The changes will open up huge opportunities for the banking sectors, according to the China Banking Association (CBA).
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