Randong Yuan is a research fellow at the Advanced Institute of Global and Contemporary China Studies, the Chinese University of Hong Kong, Shenzhen. He is also a fellow at the Institute for International Affairs, Qianhai

• 1: Introduction 2: Historical Background and Overview of the Current System 3: Population Ageing and Pension Sustainability in China 4: Fragmented Administration and Pension Sustainability in China 5: Migrant Workers and Pension Sustainability in China 6: Discussion and Conclusion References Appendix A: Interview Guides Appendix B: Calculation for the Actuarial Present Value of Buy-in Option for the UES

Randong Yuan is a research fellow at the Advanced Institute of Global and Contemporary China Studies, the Chinese University of Hong Kong, Shenzhen. He is also a fellow at the Institute for International Affairs, Qianhai

• 1: Introduction 2: Historical Background and Overview of the Current System 3: Population Ageing and Pension Sustainability in China 4: Fragmented Administration and Pension Sustainability in China 5: Migrant Workers and Pension Sustainability in China 6: Discussion and Conclusion References Appendix A: Interview Guides Appendix B: Calculation for the Actuarial Present Value of Buy-in Option for the UES

Randong Yuan is a research fellow at the Advanced Institute of Global and Contemporary China Studies, the Chinese University of Hong Kong, Shenzhen. He is also a fellow at the Institute for International Affairs, Qianhai

• 1: Introduction 2: Historical Background and Overview of the Current System 3: Population Ageing and Pension Sustainability in China 4: Fragmented Administration and Pension Sustainability in China 5: Migrant Workers and Pension Sustainability in China 6: Discussion and Conclusion References Appendix A: Interview Guides Appendix B: Calculation for the Actuarial Present Value of Buy-in Option for the UES