China's regulatory authorities are currently working on measures to standardize the process of collecting and transferring pension funds available for investment among central government, local governments and pension trustees, the Shanghai Securities News reported on Monday.
Currently in China, the pension system is not unified at the national level. With a standardized process nationwide, pension investment will be more efficient and secure. According to a guideline published by the State Council in August, pension fund will be allowed to be invested in new products, including domestic stocks.
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