China to select pension fund consultants in May

The ADB will award two mandates, one for the new national pension fund and one for Liaoning province.

The Asian Development Bank expects to award two technical assistance TA mandates before the end of May to help implement both China's nascent experiment in pension reform in Liaoning Province as well as the new National Council for Social Security Fund, according to Hong Wei, senior financial economist at the ADB's Beijing office.

The mandates have been in the works for over a year, and are being awarded in consultation with the National Council, the Ministry of Finance and the Liaoning provincial government. The winners of the two mandates will be paid a combined $1 million from ADB's technical assistance fund for their work.

Wei declined to name the shortlisted candidates, which include...

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