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Governance and Fund Management in the Chinese Pension System

Author

Listed:
  • Yu-Wei Hu
  • Gregorio Impavido
  • Xiaohong Li

Abstract

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 key components of the system, highlights the progress made to date and identifies remaining weaknesses, in regard to information disclosure, the governance framework and pension fund management standards.

Suggested Citation

  • Yu-Wei Hu & Gregorio Impavido & Xiaohong Li, 2009. "Governance and Fund Management in the Chinese Pension System," IMF Working Papers 2009/246, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2009/246
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    References listed on IDEAS

    as
    1. Hussain, Athar, 1994. "Social Security in Present-Day China and Its Reform," American Economic Review, American Economic Association, vol. 84(2), pages 276-280, May.
    2. John Evans & Michael Orszag & John Piggott (ed.), 2008. "Pension Fund Governance," Books, Edward Elgar Publishing, number 12858.
    3. Felix Salditt & Peter Whiteford & Willem Adema, 2008. "Pension reform in China," International Social Security Review, John Wiley & Sons, vol. 61(3), pages 47-71, July.
    4. Gregorio Impavido & Ronan O’Connor & Dimitri Vittas, 2008. "Improving the Investment Performance of Public Pension Funds: Lessons for the Social Insurance Fund of Cyprus from the Experience of Four OECD Countries," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 2(2), pages 3-35, December.
    5. Mr. Steven V Dunaway & Mr. Vivek B. Arora, 2007. "Pension Reform in China: The Need for a New Approach," IMF Working Papers 2007/109, International Monetary Fund.
    6. Impavido, Gregorio, 2002. "On the governance of public pension fund management," Policy Research Working Paper Series 2878, The World Bank.
    7. Oecd, 2006. "OECD Guidelines on Pension Fund Asset Management," Financial Market Trends, OECD Publishing, vol. 2006(2), pages 171-187.
    8. Yu-Wei Hu & Fiona Stewart, 2009. "Licensing Regulation and the Supervisory Structure of Private Pensions: International Experience and Implications for China," OECD Working Papers on Insurance and Private Pensions 33, OECD Publishing.
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    Cited by:

    1. Atella, Vincenzo & Brugiavini, Agar & Pace, Noemi, 2015. "The health care system reform in China: Effects on out-of-pocket expenses and saving," China Economic Review, Elsevier, vol. 34(C), pages 182-195.
    2. Heikki Oksanen, 2010. "The Chinese pension system - First results on assessing the reform options," European Economy - Economic Papers 2008 - 2015 412, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    3. Hanming Fang & Jin Feng, 2018. "The Chinese Pension System," NBER Working Papers 25088, National Bureau of Economic Research, Inc.
    4. Montserrat Pallares-Miralles & Carolina Romero & Edward Whitehouse, 2012. "A Worldwide Overview of Facts and Figures," World Bank Publications - Reports 11891, The World Bank Group.

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