Pension assets have seen rapid growth world-wide over the past decades, although they suffered large losses during the global financial crisis of 2007 - 2008. Such growth is notably due to both structural and parametric pension reforms since the 1980s. In the Asian region too, the pension market...

The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management practices, their regulation and supervision varying considerably both across the funded components of the Chinese pension system and across provinces. This paper describes the...