Private pension scheme creates new opportunities

Quick Summary:

SHANGHAI: As soon as the private pension programme was promoted nationwide in mid-December, Yuan Jinwen, 36, an interior designer in Shanghai, started her research, looking for the bank providing the best incentive or bonus plans for new clients opening such accounts.

Insurance products, which can basically preserve the principal, have longer investment terms, include lower risks and can largely meet people’s needs in terms of pension investments.

The private pension programme started its trial in November 2022 in 36 major Chinese cities, including Beijing, Tianjin and Shanghai.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Products Clients Accounts Insurance Pension Shanghai Deposit Bank Yuan Banks Private

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 00:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 621 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25130506

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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News Last Updated: 14 minutes ago

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