China to expand wealth management pilot program for retirement savers

© Reuters.

SHANGHAI (Reuters) – China will expand from March 1 a pilot program to develop wealth management products for retail investors looking to boost their retirement savings in more cities, including Beijing and Shanghai, its chief executive said on Friday. banking and insurance regulator.

The China Banking and Insurance Regulatory Commission will also allow more wealth management firms to participate in the pilot project, it said in a statement.

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