4家大型银行将启动特定养老储蓄试点——第三支柱养老再添新产品

Core Viewpoint - The China Banking and Insurance Regulatory Commission (CBIRC) and the People's Bank of China have launched a pilot program for specific pension savings, starting from November 20, 2022, involving four major banks in five cities to explore pension savings products and services [1][2]. Group 1: Pilot Program Details - The pilot program will be conducted by Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank in Hefei, Guangzhou, Chengdu, Xi'an, and Qingdao, with a maximum scale of 10 billion yuan per bank and a duration of one year [1]. - The specific pension savings products will include three types: fixed deposit, zero deposit, and mixed deposit, with terms of 5, 10, 15, and 20 years, offering interest rates slightly higher than the five-year fixed deposit rates of major banks [1][2]. Group 2: Market Context and Demand - The demand for commercial pension financial products is significant, with over 264 million people aged 60 and above in China, expected to exceed 300 million during the 14th Five-Year Plan period, indicating a growing market potential [3]. - The pilot program aims to address the imbalance in the development of the third pillar of the pension financial system, which includes pension savings, commercial pension insurance, and pension wealth management products [2]. Group 3: Risk Management and Development - The pilot banks are required to focus on product design, internal control, risk management, and consumer protection to ensure the stable operation of the specific pension savings business [4]. - Recommendations include increasing the scale and number of pilot cities, expanding to other large and small banks, and optimizing the product structure to better meet public demand for pension savings [5].