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Risk Control of Pension Fund Management in China

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  • Xiaoyan Qian
  • Chunling Zhu

Abstract

Based on an analysis of China's current pension system, the present paper indicates that risk control of pension fund management is a serious policy challenge for the Chinese Government. Although some reform efforts have been made, there are still serious institutional and capital market risks that are difficult to overcome but are key in the success of China's pension reform. To ensure a smooth transition in pension reform, China not only needs to build a better institutional framework and facilitate capital market development, but also raise the risk awareness of individual pensioners.

Suggested Citation

  • Xiaoyan Qian & Chunling Zhu, 2007. "Risk Control of Pension Fund Management in China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 15(6), pages 37-52, November.
    • Handle: RePEc:bla:chinae:v:15:y:2007:i:6:p:37-52
    DOI: 10.1111/j.1749-124X.2007.00091.x
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    1. David E. M. Sappington, 1991. "Incentives in Principal-Agent Relationships," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 45-66, Spring.
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