China to Expand Private Pension Program Nationwide in Reform [Yahoo! Finance]
Blackrock Health Sciences Trust (BME)
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blackrock.com/investing/products/240227/blackrock-health-sciences-trust-usd-fund
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Source: Yahoo! Finance
Most Read from Bloomberg Brace for a Nationwide Shuffle of Corporate Headquarters American Institute of Architects CEO Resigns Cloud Computing Tax Threatens Chicago's Silicon Valley Dream City Hall Is Hiring San Francisco, Paris Named Best Cities for Urban Transportation The government will roll out the program throughout the country on Dec. 15, extending it from 36 pilot cities, according to a statement by the Ministry of Human Resources and Social Security on Thursday. China needs to urgently reform its strained pension system, as more than 400 million people are expected to be 60 and above by 2035. The country recently announced it would delay the retirement age starting next year, triggering a backlash. The government kicked off the private pension program in 2022, allowing workers to contribute up to 12,000 yuan ($1,650) to tax-sheltered accounts similar to Individual Retirement Accounts in the US. The initiative stirred excitement among global money managers i
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