{
  "title": "Governance and Fund Management in the Chinese Pension System",
  "publication": "IMF Working Papers, November 1, 2009",
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  "summary": "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.",
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      "heading": "Summary and central findings",
      "content": "- The Chinese pension system is highly fragmented and decentralized.\n- Governance standards, pension fund management practices, and their regulation and supervision vary considerably both across the funded components of the Chinese pension system and across provinces.\n- The paper:\n  - describes the key components of the system;\n  - highlights the progress made to date;\n  - identifies remaining weaknesses in regard to information disclosure, the governance framework and pension fund management standards."
    },
    {
      "heading": "Analysis focus areas",
      "content": "- System structure and key components:\n  - Describes the funded components of the Chinese pension system and their institutional arrangements.\n- Governance and supervision:\n  - Documents wide variation in governance standards, regulation, and supervision across components and provinces.\n- Information disclosure and transparency:\n  - Identifies weaknesses in information disclosure practices.\n- Pension fund management standards:\n  - Identifies shortcomings in pension fund management standards and related practices."
    },
    {
      "heading": "Keywords and subjects covered",
      "content": "- Subject: Asset allocation, Asset management, Pension spending, Pensions, Securities\n- Keywords: asset manager, bank deposit, fixed income, investment fund, NSSF assets, NSSF staff, private equity, WP\n\n---\n\n Content in this bundle\n\n- wp09246\n  - wp09246 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp09246 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/governance-and-fund-management-in-the-chinese-pension-system-23382"
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    "Authors: Yu-Wei Hu, Gregorio Impavido, Xiaohong Li",
    "Published: November 1, 2009",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451873931.001",
    "The Chinese pension system is highly fragmented and decentralized.",
    "Governance standards, pension fund management practices, and their regulation and supervision vary considerably both across the funded components of the Chinese pension system and across provinces.",
    "The paper:",
    "System structure and key components:",
    "Governance and supervision:",
    "Information disclosure and transparency:",
    "Pension fund management standards:",
    "Subject: Asset allocation, Asset management, Pension spending, Pensions, Securities",
    "Keywords: asset manager, bank deposit, fixed income, investment fund, NSSF assets, NSSF staff, private equity, WP",
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