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Beijing tops ranking in China's 'healthy' pension system

By WANG YING in?Shanghai | chinadaily.com.cn | Updated: 2025-06-30 18:09
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China's pension system has achieved significant progress in overall operations over the past year, with sufficiency and sustainability further enhanced, and its balance and integrity substantially enhanced, a report said.

The nation's pension scheme is generally in healthy range, with four key indicators, the most important being sufficiency gauging as best-performing, followed by sustainability, while balance and integrity indicate room for improvement, according to the Pension Index of China 2025 compiled by the China Inclusive Aging Finance Research Center with East China Normal University and published on Saturday in Shanghai.

Based on comprehensive evaluation of the pension conditions of the 31 provinces, municipalities and autonomous regions in China, the report rated Beijing, Shanghai and the provinces of Guangdong, Zhejiang, Shaanxi, Fujian, Tianjin, Jiangsu, Shanxi, and Sichuan in the top ten, said Lu Jinfei, director of the China Inclusive Aging Finance Research Center with East China Normal University.

Beijing's pension system topped the rankings with excellent performance in all four aspects, while Shanghai ranked second in overall scores with outstanding performance in terms of sufficiency, balance and integrity. Guangdong ranked third, with its pension's sustainability and balance performing very well, Lu said.

The report was released during the 2nd Forum on China Inclusive Aging Finance. Themed, Exploring the Chinese Model of Public-Private Pension Coordinated Deployment, the event was jointly organized by East China Normal University and China Financial Information Center.

More than 200 pension finance experts, government representatives and heads of industry institutions from home and abroad participated, offering their insights and suggestions of multi-level, multi-pillar pension systems' innovative development.

China has completed the creation of its pension system framework, which consists of three pillars, namely the basic pension insurance, enterprise annuities and private pension.

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