PRC pension fund uncertain on use of new trust law

The outcome of this legalese will have a profound impact on ChinaÆs pension reform.

The $9 billion National Council for Social Security Fund NCSSF in Beijing has yet to decide whether to operate under the aegis of the country's recently created trust law. This has surprised its foreign advisers and the Fund's decision will have weighty consequences, not just for itself but for the nation's entire emerging pensions system.

This is one of a host of question marks hovering over the trust law, says Iain Batty, partner at law firm CMS Cameron McKenna,...

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