Notice in relation to “Various Measures for Promoting the High-quality Development of Pension Finance in Guangzhou Municipality”
09 May 2025
The Office of the Financial Committee of the Guangzhou Municipal Committee of the Chinese Communist Party, the Guangdong Branch of the People’s Bank of China and other departments (“the authorities”) issued the “Notice in relation to “Various Measures for Promoting the High-quality Development of Pension Finance in Guangzhou Municipality”” (“the Notice”) on 09 May 2025. The authorities proposed to facilitate the development of pension-related funds, wealth management, savings, and insurance products, supporting banks in developing specialized personal pension savings products and to encourage trust companies to engage in wealth management services such as family trusts, family service trusts, and insurance trust services.