Currently, there is a huge deficit in our nation's individual pension account and ANBOUND’s research team is of the view that the deficit in the pension fund is soon becoming one of the major financial risk faced by our nation and it is crucial that the existing "combined system" where social pooling and individual accounts are combined should be changed to a new “separated system” where the social pooling and individual accounts are separated.

This is not only in line with China’s “13th five-year plan” to extend old-age insurance to its full population but also has a significant meaning for the advancement of social security level, stabilization of social mood and promotion of employment and consumption.