Our reporter Yang Jie

　　According to the "Notice on Carrying out the Pilot Program of Specific Pension Savings" (hereinafter referred to as the "Notice") jointly issued by the China Banking Regulatory Commission and the People's Bank of China, starting from November 20, 2022, the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China and the Construction Bank In Hefei, Guangzhou, Chengdu, Xi'an, and Qingdao, specific pension savings pilot projects were carried out.

The pilot scale of a single bank shall not exceed 10 billion yuan, and the pilot period shall be one year.

　　On November 20, ICBC issued specific pension savings products in five cities including Guangzhou, Qingdao, Hefei, Xi'an and Chengdu.

　　According to a relevant person from ICBC, the specific pension savings products launched this time include three types: lump sum deposit and withdrawal, zero deposit and lump sum withdrawal, and lump sum deposit and zero withdrawal, covering four periods of 5 years, 10 years, 15 years, and 20 years. , customers can choose different types and term products according to their own situation.

When customers make deposits, they can go through the counter of the business outlets with the ID card issued by the pilot area.

Inquiry, withdrawal, account cancellation, lump sum withdrawal and renewal of deposit can be handled through the counter of business outlets, smart terminals, online banking, and mobile banking.

　　A staff member of an ICBC branch in Chengdu told the reporter: "Currently, there are 12 pension savings products of our bank. Different products have different age requirements and correspond to different interest rates. The highest interest rate can reach 4%."

　　The reporter of "Securities Daily" learned in the interview that the progress of the four state-owned banks in issuing specific pension savings products is different. Except for ICBC, the other three banks will release them later, but the products have already taken shape.

　　In general, specific pension savings products include three types: lump sum deposit and withdrawal, zero deposit and lump sum withdrawal, and lump sum deposit and zero withdrawal. The product term is divided into four grades of 5 years, 10 years, 15 years and 20 years. Listed rates for five-year term deposits at major banks.

　　A staff member of an outlet in Hefei, a large state-owned bank, told the reporter: “With regard to specific pension savings products, people over 35 years old can buy 20-year term, over 40 years old can buy 15-year term, over 45 year old can buy 10-year term, and over 50 years old can buy a 10-year term. 5-year term. It is recommended to buy a 5-year term, the current interest rate is 3.5%, which is higher than the interest rate of the 3-year large-denomination certificate of deposit and the interest rate of the 5-year treasury bond.”

　　"We have been notified that customers must reach the age of 55 when they purchase specific retirement savings products, and the deposit principal limit is 500,000 yuan," said another staff member of the Qingdao branch of a large state-owned bank.

　　"We have been trained in the bank a week ago. The interest rate of the 5-year pension savings product is 4%, and the age can only be purchased if you are over 50 years old. However, it has not yet been officially released, and we will wait for further notice." The financial manager of the Xi'an branch told reporters.

　　Although the other three banks have not launched products yet, depositors are paying a lot of attention to specific pension savings products.

The above-mentioned staff of a large state-owned bank in the Hefei area told the reporter, "In the past few days, customers have come to consult one after another. We have already made pre-registration appointments and will notify everyone once it is sold."

　　"Piloting first will help to identify problems and improve in time, expand the scope of the pilot according to the situation, and finally fully implement it, which will help the stable development of pension savings and support the construction of my country's pension security system." Mingming, chief economist of CITIC Securities, told the "Securities Daily" The reporter said that during the pilot process, banks need to continuously accumulate experience, improve the design of pension savings products, and continue to increase various types of pension savings with different periods to meet the diverse pension needs of the masses.

(Securities Daily)