Citic Securities plans to take stake in new private pension venture

Citic Securities plans to take stake in new private pension venture

Photo by Josh Appel on Unsplash

Citic Securities Co. Ltd, one of China’s biggest brokerages, is planning to take part in a new pension joint venture, embracing the nation’s call to tackle a looming pension crisis fueled by questions surrounding the sustainability of the current pension system as the population rapidly ages.