Retirement

Chinese livestreaming star Xinba (Xin Youzhi) announced his (apparent) retirement during his “818” anniversary livestream, citing health reasons. The account will be transferred to Xin Xuan Group, managed by his wife, Chu Ruixue. Xinba addressed skepticism, claiming this retirement is final, despite four previous announcements of stepping back. He officially handed over the account to Chu Ruixue. This announcement comes amidst controversy surrounding his “Cotton Secret” sanitary napkins, which were found to contain high levels of thiourea, a class 3 carcinogen. Xinba has yet to comment on the product safety concerns.

Professor Yan Zhipeng clarified his stance on retirement savings after his suggestion of starting at age 10 drew criticism. He stated his research was misconstrued and intends to provide further context. Yan emphasizes the need for financial institutions and regulators to address women’s specific retirement challenges, advocating for higher contribution limits to individual pension plans and tailored financial products. He uses examples, including triplets saving at different ages, to highlight the importance of early investment and the power of compounding. He also suggests a “30 yuan rule” for those in their 30s.