Jin Rong Shi Bao·2025-07-01 03:19Core Viewpoint - The Chinese government is increasing policy support for pension finance, aiming to enhance the modern pension financial service system in Shenzhen, with a focus on the silver economy's growth potential [1] Group 1: Policy and Market Trends - The People's Bank of China and local authorities have issued 17 measures to promote pension finance, anticipating that the silver economy's contribution to GDP will rise from 6% to 9% by 2035 [1] - Banks are innovating financial products and optimizing service processes to support sustainable pension services [1] Group 2: Bank Initiatives and Performance - Agricultural Bank of China reported a pension management scale of 316.69 billion yuan, a 24.6% increase year-on-year, while China Construction Bank's asset management for the second pillar of pensions surpassed 620 billion yuan, with a 128% increase in new customers [2] - China Bank has established over 10,000 elder service compliant outlets and more than 1,000 pension service demonstration outlets, while Agricultural Bank has completed age-friendly renovations at over 20,000 outlets [2] Group 3: Financial Support and Challenges - The People's Bank of China has set up a 500 billion yuan loan facility to support service consumption and pension financing, with banks focusing on financing needs in elder care, medical rehabilitation, and cultural activities [3] - Despite increased credit support for the pension industry, experts suggest that the financing scale for pension services still lags behind other financial sectors like inclusive and green finance [3] Group 4: Future Directions and Innovations - The emphasis on developing pension industry finance includes increasing credit support for silver economy entities and exploring diverse financing models [4] - Banks are encouraged to innovate financial products and strengthen risk management while collaborating with local governments and industry associations to enhance pension financial services [5]