Comparing Individual Retirement Accounts in Asia: Singapore, Thailand, Hong Kong and PRC

This paper compares the different approaches of Singapore, Thailand, Hong Kong, and China with respect to how they manage their respective defined contribution, individual retirement account systems. The four cases illustrate important differences in terms of some of the key issues in design of DC schemes; the role of government versus private sector, investment policy and individual choice, among others. They also provide a useful contrast in terms of initial conditions.