Hewitt, CDPQ tipped to win China pension mandates

The ADB, which is reviewing bids, will make its final decision in three weeks.

Two consultants have won mandates to provide advice to China's emerging pension system by the Asian Development Bank, which made the selection in cooperation with the Ministry of Finance and the provincial government of Liaoning Province, according to industry officials.

The wins by Hewitt Associates and Canadian pension fund Caisse des Depots et Placements du Quebec CDPQ mark a concrete step for building a fully funded pension system in China - a key plank of Premier Zhu Rongji's economic reform...

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