China's National Administration of Financial Regulation (NAFR) recently issued the Notice on Matters Concerning the Vigorous Development of Commercial Insurance Annuity, proposing to further expand the pilot for commercial pension business.

In accordance with the principle of “enterprise by enterprise”, more qualified pension insurance companies will be supported to participate in the commercial pension business. On the basis of summarizing the pilot experience, the pilot period will be extended and the pilot area will be expanded.

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