Source: China – South China Morning PostChina plans to set up a state pension company with registered capital of 11.15 billion yuan (US$1.72 billion), a filing showed on Thursday, the latest step by the world’s most populous nation to boost funds for its citizens’ retirement.China is wooing booth public and private sector involvement as it tweaks its US$1.2 trillion pension system for a rapidly ageing population faced with the prospect of underfunding.Seventeen bank-affiliated wealth management units, insurers and state institutions…Read More