my country’s first batch of four pension financial management pilot products was declared in the national banking financial information registration system yesterday and officially unveiled, and my country’s pension financial management pilot was officially launched.
The first batch of pension wealth management products come from four pilot companies, namely ICBC Wealth Management, CCB Wealth Management, China Merchants Bank Wealth Management and Everbright Wealth Management, and will be sold in Chengdu, Wuhan, Shenzhen and Qingdao together next week.
Residents with household registrations in these four cities can purchase them either at local bank outlets or through online banking, mobile banking and other channels.
The investment starting point for the four pension financial products is 1 yuan, and one person can purchase up to 3 million yuan.
Song Minjie, Director of the Asset Management Business Division I of the Innovation Business Supervision Department of the China Banking and Insurance Regulatory Commission: The
"14th Five-Year Plan" proposes the development of a multi-level and multi-pillar pension insurance system. An important measure for the aging of the population.
This measure is conducive to enriching the current supply of pension financial products and actively responding to the society's pension needs.
According to the seventh national census, the number of people over 60 in my country has exceeded 260 million.
In order to meet the growing demand for the pension financial market, the China Banking and Insurance Regulatory Commission has launched exclusive commercial pension insurance pilot projects in Zhejiang and Chongqing starting from June this year. This time, it has launched pension financial management pilot projects in four cities.
In the future, the China Banking and Insurance Regulatory Commission will also study and promote the pilot pension savings business to better meet the diverse needs of the people for the elderly.
Old-age financial management is robust and long-term inclusive
When it comes to old-age security, in most people's minds, in addition to the national basic old-age insurance, it is the commercial insurance of insurance companies.
As an investment, financial management is risky.
So is pension financial management safe, and can investment income become a strong guarantee for future pensions?
According to reports, compared with other wealth management products, pension wealth management products have the characteristics of robustness, long-term, and inclusiveness. It has introduced designs such as smoothing funds and risk reserves to ensure the safety of investment.
Song Minjie, Director of the Asset Management Business Division I of the Innovation Business Supervision Department of the China Banking and Insurance Regulatory Commission:
In terms of product design, we require the use of more robust investment strategies and prudent investment concepts, and we are more cautious in the selection of investment targets, which is more in line with pension investors. Life cycle characteristics.
Cheng Jiajun, President of the Banking Financial Management Registration and Custody Center:
Mainly invest in fixed-income assets, and moderately participate in stock market investments or other equity investments under the premise of controllable risks.
Pension financial products generally do not invest in assets such as commodities whose returns vary greatly with the market or whose yields fluctuate greatly.
According to the requirements of the China Banking and Insurance Regulatory Commission, funds for pension financial products will be actively invested in areas that conform to national strategies and industrial policies.
Zhang Xuyang, Chairman of Everbright Wealth Management:
We hope that the investment in this product can grasp the structural changes behind China's economic development and put our investment in emerging industries, especially through long-term investment, to share the long-term development of these industries in the future.
Recently, such as new energy, ESG (environmental, social and corporate governance), as well as medical, cutting-edge medical, and precision machine tool manufacturing related industries, there is more room for development.
The reporter noticed that the first batch of pension wealth management products has a term of 5 years. The estimated income that investors may obtain based on the past performance of the same type of products for the four products is more than 5% per year, compared with most current one-year wealth management products. The product should be high.
Zeng Gang, deputy director of the National Finance and Development Laboratory:
At present, the rate of return is still good. The overall definition in the pension field is a medium and low risk product without high risk, and this also meets the basic requirements of our pension insurance.