China accepts pension license applications

China's Ministry of Labour and Social Security (MoLSS) has begun accepting applications for a license to provide services to the embryonic enterprise annuities (voluntary corporate pensions) industry. The ministry has given service providers two weeks to submit, with the deadline the end of May, according to fund management executives in Shenzhen. Fund houses are desperate to be allowed into the pensions space, following four years of dreadful stock market performance that has dama…