Yes. Chinese regulators have confirmed China will cultivate long and mid-term investors in the capital market, with pensions to become a major force. The entry of pensions, insurance funds and other long-term capital into the market will require regulators and tax authorities to join hands to create favorable taxation conditions, and this hopefully will eventuate this year.  

Public funds are expected to be included in the Personal Tax-Deferred Commercial Pension Insurance Pilot this year and, accordingly, the short-term assessment system of public funds will be adjusted to facilitate the long-term investment of pension funds.