Employees can contribute up to 12,000 yuan per year under the new scheme, compared with a fixed payment under the state pension plan

But regulators have grown uneasy as this contradicts the long-term role the companies should play in the country’s retirement system

BlackRock CCB Wealth Management gets China Banking and Insurance Regulatory Commission nod to launch personal pension product in Guangzhou and Chengdu

Mitsubishi Estate venture announced a day after Quebec's provincial investment fund joined a $2 billion Japanese property deal