China Designates First Seven Investments for Personal Pension System

What’s new: China’s banking and insurance regulator Wednesday announced the first batch of insurance products available for consumers to purchase under the country’s newly launched personal pension system.

The first seven insurance products are provided by four life insurers and two pension insurance companies: China Life Insurance Co., People’s Insurance Co. of China, Taiping Life Insurance Co. Ltd., Taiping Pension Co. Ltd., Taikang Life Insurance Co. Ltd. and newly established National Pension Insurance Co.