China's state pension system crisis: Hong Kong insurance sector eyes USD 15.3 Beijing's savings
May 21, 2021
Beijing [China], May 21 : China's ageing population, with years of experience in underwriting medical and retirement products has snow-balled into crisis of its state pension system and Hong Kong insurance sector is seeking this opportunity to unlock USD 15.3 trillion of Beijing savings, almost the size of the world's second-largest economy.