CPPIB to assist China on pension policy reform

This will include joint training, workshops and research on pension reform and attracting capital to the senior care industry. The memorandum of understanding was one of several bilateral agreements signed in the presence of Canadian Prime Minister Justin Trudeau and Chinese Premier Li Keqiang in Ottawa.

"As we continue to deploy capital in important growth markets like China for the benefit of CPP contributors and beneficiaries, there is significant value for a long-term investor like CPPIB in sharing information, experience and successful practices with policy-makers as they work towards improving policy frameworks," said Mark Machin, president and CEO of CPPIB, in a statement. He became CEO earlier this year, having previously served as head of international and Asia president.

CPPIB had more than C$287.3 billion ($218 billion) in assets under management as of June, with investments across public equities, private equity, real estate, infrastructure and fixed income. The organization's percentage of total assets deployed outside of Canada is more than 80%.

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• Topics
• Greater China
• North America
• LPs
• Regulation
• China
• NDRC
• Canada
• Canada Pension Plan Investment Board (CPPIB)