RESEARCH ON THE DEVELOPMENT AND PROMOTION OF PERSONAL TAX DEFERRED COMMERCIAL ENDOWMENT INSURANCE IN CHINA

Xin Li; Elena Razumovskaia

doi:10.47576/2712-7516_2022_10_1_39

RESEARCH ON THE DEVELOPMENT AND PROMOTION OF PERSONAL TAX DEFERRED COMMERCIAL ENDOWMENT INSURANCE IN CHINA

Research output: Contribution to journal › Article › peer-review

Abstract

Tax-deferred personal insurance is a new product of the multi-tiered pension system in the People’s Republic of China. It is an important part of improving the «three pillars» of pension insurance, which transforms the pension funding system by increasing the replacement rate of lost earnings of Chinese people. The introduction of tax-deferred personal insurance summarizes Western best practices, enabling people to increase their retirement savings through the use of the least risky investment products. Feedback from pilot cities adopting tax-deferred personal insurance highlights the challenges of its implementation and suggests directions for developing the financing of China’s pension system.

Translated title of the contribution	ИССЛЕДОВАНИЕ ОПЫТА ВНЕДРЕНИЯ ЛИЧНОГО СТРАХОВАНИЯ С УСЛОВИЕМ ЛЬГОТНОГО НАЛОГООБЛОЖЕНИЯ В КИТАЕ
Original language	English
Pages (from-to)	39-46
Number of pages	8
Journal	Журнал прикладных исследований
Volume	1
Issue number	10
DOIs	https://doi.org/10.47576/2712-7516_2022_10_1_39
Publication status	Published - 2022

GRNTI

10.00.00 STATE AND LAW. LEGAL SCIENCES

Level of Research Output

VAK List

Access to Document

10.47576/2712-7516_2022_10_1_39

Cite this

@article{1157b4eb67c74243a37277865da9a173,

title = "RESEARCH ON THE DEVELOPMENT AND PROMOTION OF PERSONAL TAX DEFERRED COMMERCIAL ENDOWMENT INSURANCE IN CHINA",

abstract = "Tax-deferred personal insurance is a new product of the multi-tiered pension system in the People{\textquoteright}s Republic of China. It is an important part of improving the «three pillars» of pension insurance, which transforms the pension funding system by increasing the replacement rate of lost earnings of Chinese people. The introduction of tax-deferred personal insurance summarizes Western best practices, enabling people to increase their retirement savings through the use of the least risky investment products. Feedback from pilot cities adopting tax-deferred personal insurance highlights the challenges of its implementation and suggests directions for developing the financing of China{\textquoteright}s pension system.",

author = "Xin Li and Elena Razumovskaia",

year = "2022",

doi = "10.47576/2712-7516_2022_10_1_39",

language = "English",

volume = "1",

pages = "39--46",

journal = "Журнал прикладных исследований",

issn = "2712-7516",

publisher = "Издательство Пегас",

number = "10",

}

TY - JOUR

T1 - RESEARCH ON THE DEVELOPMENT AND PROMOTION OF PERSONAL TAX DEFERRED COMMERCIAL ENDOWMENT INSURANCE IN CHINA

AU - Li, Xin

AU - Razumovskaia, Elena

PY - 2022

Y1 - 2022

N2 - Tax-deferred personal insurance is a new product of the multi-tiered pension system in the People’s Republic of China. It is an important part of improving the «three pillars» of pension insurance, which transforms the pension funding system by increasing the replacement rate of lost earnings of Chinese people. The introduction of tax-deferred personal insurance summarizes Western best practices, enabling people to increase their retirement savings through the use of the least risky investment products. Feedback from pilot cities adopting tax-deferred personal insurance highlights the challenges of its implementation and suggests directions for developing the financing of China’s pension system.

AB - Tax-deferred personal insurance is a new product of the multi-tiered pension system in the People’s Republic of China. It is an important part of improving the «three pillars» of pension insurance, which transforms the pension funding system by increasing the replacement rate of lost earnings of Chinese people. The introduction of tax-deferred personal insurance summarizes Western best practices, enabling people to increase their retirement savings through the use of the least risky investment products. Feedback from pilot cities adopting tax-deferred personal insurance highlights the challenges of its implementation and suggests directions for developing the financing of China’s pension system.

UR - https://www.elibrary.ru/item.asp?id=49533378

U2 - 10.47576/2712-7516_2022_10_1_39

DO - 10.47576/2712-7516_2022_10_1_39

M3 - Article

VL - 1

SP - 39

EP - 46

JO - Журнал прикладных исследований

JF - Журнал прикладных исследований

SN - 2712-7516

IS - 10

ER -

RESEARCH ON THE DEVELOPMENT AND PROMOTION OF PERSONAL TAX DEFERRED COMMERCIAL ENDOWMENT INSURANCE IN CHINA

Abstract

GRNTI

Level of Research Output

Access to Document

Other files and links

Fingerprint

Cite this