China to expand its private pension plan nationwide – from Monday December 15

China to expand its private pension plan nationwide – from Monday December 15.

Caixin had a heads up on this:

• China is poised to roll out a private retirement account program nationwide after nearly two years of trials in select cities and regions.

• The move comes as the country intensifies efforts to establish a personal pension system addressing the challenges posed by a rapidly aging population.

Xinhua confirming the data now.

This is supportive for Chinese shares, at the margin.

This article was written by Eamonn Sheridan at www.forexlive.com.