Dong Keyong, secretary-general of the 50-member Forum on China's Pension Finance, pointed out that pension finance mainly involves three aspects: pension finance, pension service finance and pension industry finance. By 2030, it is estimated that 30% of the population in China will be aging; In 20 18, the pension /GDP ratio of the United States exceeded 135%, while that of China was only 7%, which was a big gap.
In terms of financial services for the aged, people born in the 1960s gradually retired, and their next generation began the one-child policy, and the aging population will continue to increase. Therefore, the demand for the aged will be broad and the market will develop rapidly in the coming decades. At present, the awareness and professional knowledge of China's pension financial reserve need to be strengthened, and professional investment companies should be encouraged to develop.
The report pointed out that the housing-based pension policy has been piloted for many years, but the implementation effect is limited.
"In 20 16, the number of disabled, semi-disabled and empty-nesters in China reached 40.6 million, and it is estimated that by 2050, this number will reach 95 million." Feng, president of Jianxin Pension Management Co., Ltd. said that it is necessary to scientifically adjust the asset allocation structure, develop life-cycle products, participate in the competition in the third pillar market, and carry out pension investment consulting.
In terms of the concept of providing for the aged, Gan Weimin, CEO of Ping An Pension Insurance, said that raising children and preventing old age has gradually turned into personal pension assets: "At present, the scale of China's social security fund is 2.2 trillion yuan, with an average investment income of over 7.8%, and the enterprise annuity is 1.4 trillion yuan, with an average investment return rate of 7%."
It is also known that Public Offering of Fund, banks, insurance companies and other financial institutions are the main body of pension fund management.
Tong Wei, general manager of Huaan Fund, revealed that at present, the management scale of Public Offering of Fund exceeds 70% of the outsourcing investment scale of the National Social Security Fund. "The net value of real estate accounts for 69.7% of China's household assets, and financial assets account for less than 20%, of which 80% are bank time deposits, demand deposits and cash." Therefore, Public Offering of Fund's participation will be a major development trend of pension finance in the future.
Feng, president of Jianxin Pension Management Co., Ltd. said that the implementation of REITS products, trusts and other products can enrich the financial sources of pension, provide customers with the "house+pension" model, and purchase corresponding pension services with the rental income in the future 10 year, which can better realize "a sense of security and happiness for the elderly".
Chen, deputy general manager of China Bank's pension business department, said that as the most important financing channel of social economy, China Bank will continue to develop the entrusted direct investment business. As far as overseas investment is concerned, alternative investments such as real estate and energy have become important sources of income for annuity investment.