China’s ageing society is developing the infrastructure to take care of a growing number of its elderly people. KPMG has launched China Pensions Landscape: The Year in Review and What’s Ahead to examine the business significance of these efforts, especially for financial companies able to find opportunities in the fast-growing pension sector.

This report updates and builds on KPMG’s findings from last year, when we identified sector convergence as a distinct feature of the Chinese pension industry. This year we explain the most recent changes, from rapid product development and inter-industry competition to new advances in pension tech. We also forecast several important trends that we expect to play out over the short to medium term.