On 17th September 2015, the EU-China Social Protection Reform Project-Component 2 hold the first panel discussion on two research topics, namely: “Nominal personal account reform in the basic pension insurance system” and “The division on decision power and expenditure responsibilities on social security between central and local government” at the Ministry of Finance. Mr. Fu Jinling, Deputy Director, Department of Social Security (MoF) co-chaired the Panel jointly with C2 Resident Expert, Mr. Stefano Patriarca.
For the first Panel Discussion of the Component 2, a special contribution was given by the President of the Italian Institute of Social Security (INPS), Mr. Tito Boeri, who, following the presentation of Prof. Li Zhen (Director of social security research institute, Renmin University of China) on the topic: “Nominal personal account reform in the basic pension insurance system”, made a keynote on European NDC Models. Following, Mr Fuchang Zhao (Ministry of Finance Research Institute) gave a presentation on the topic: “The division on decision power and expenditure responsibilities on social security between central and local government”. The EU expert, Mr Angelo Marano gave his feedback on the presentations and introduced some EU best practices on the topics. Additional comments were provided by MoF representatives and external Chinese experts: Mr. Jin Weigang (Director, The Research Institute of Social Insurance of MOHRSS); Professor Wang Xiaojun (The Statistical Institute of REMIN University); Professor Hu Jiye (China University of Political Science and Law); Mr. Wang Dehua (Associate Research Fellow, National Academy of Economic Strategy of CASS). Contributions were also given by the EU expert, Mr. Koen Vleminckx (Director of the Research and International Cooperation Department, Belgium Federal Ministry of Social Security), and Ms Xiaolin Yi (EUD, Project Officier).
Mr Fu and Mr Patriarca closed the panel by acknowledging the significant input given by the experts and participants. Overall, the panel was the first occasion to exchange opinions and deepen the knowledge on the Chinese pension system, as well as to exchange the good practices of the EU counties in this field.