# Social Security
Latest news and articles about Social Security
Total: 3 articles found
China’s Dormant Trillions: Why the Housing Provident Fund is Struggling to Wake Up
China's Housing Provident Fund is grappling with over 6 trillion RMB in unutilized capital across 33 major cities as a cooling property market discourages withdrawals. To address this, the government is launching reforms to include gig workers and expand usage scenarios to prevent these funds from remaining 'sleeping' assets.
Purge at the Pension Gate: China Investigates Top Social Security Fund Official
Wang Wenling, Deputy Chairman of China's National Council for Social Security Fund, is under investigation for corruption, marking a high-profile purge within the agency responsible for the nation's strategic pension reserves.
China’s Silver Tsunami: Beijing Institutionalizes Care for its Rapidly Aging Millions
China has launched a national implementation plan to establish a comprehensive long-term care insurance system within three years to support its aging population. The scheme will be funded by a mix of payroll contributions, individual premiums, and government subsidies, providing coverage for 50% to 70% of nursing costs for disabled citizens.