In light of the current preliminary scheme put forward by potential investors, the biggest obstacle confronting the pension fund’s injection into the capital market is that the fund is currently scattered in numerous accounts and held by over 2,000 organizations.
Integrating the capital into one account and bringing it under the management of a single national investment agency will prove difficult.
One industry insider stated that even if the government accomplishes the task through wielding its administrative power, trouble may still loom over the distribution of the unified account’s proceeds in the future, because the balances in individual pension accounts differ by region.
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