China must do more to address a severe shortfall in pensions that could, by one estimation, amount to US$540 billion by next year, according to experts.“The government is not doing nearly enough,” said Stuart Leckie, chairman of Stirling Finance, a consulting firm for pension funds and asset managers in Hong Kong and mainland China. “They need to sort out communications, transparency, open up to the whole country. It is very serious.”China operates a three-pillar pensions saving system:…