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Risk Control of Pension Fund Management in China
Author(s) -
Qian Xiaoyan,
Zhu Chunling
Publication year - 2007
Publication title -
china and world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.815
H-Index - 28
eISSN - 1749-124X
pISSN - 1671-2234
DOI - 10.1111/j.1749-124x.2007.00091.x
Subject(s) - pension , china , control (management) , capital market , business , government (linguistics) , capital (architecture) , pension fund , finance , risk management , pension system , economic policy , financial system , economics , political science , linguistics , philosophy , management , archaeology , law , history
Based on an analysis of China's current pension system, the present paper indicates that risk control of pension fund management is a serious policy challenge for the Chinese Government. Although some reform efforts have been made, there are still serious institutional and capital market risks that are difficult to overcome but are key in the success of China's pension reform. To ensure a smooth transition in pension reform, China not only needs to build a better institutional framework and facilitate capital market development, but also raise the risk awareness of individual pensioners.