China Regulator Issues Draft Rules for Private Pension Investment Products

China’s top securities regulator has issued standards for eligible mutual fund products for investment by private pensions, taking another step to prepare the badly lagging private pension system to cope with demand from a rapidly aging population.

The China Securities Regulatory Commission (CSRC) on Friday released draft rules that stipulate the standards, as well as requirements for the management and sales of such products. The CSRC is soliciting public feedback on the draft before July 24.