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98%产品获正收益 公募担当居民“主动享老”重要支柱
Sou Hu Cai Jing·2025-09-28 23:16

Core Insights - The personal pension fund market in China has matured significantly since the implementation of the "Personal Pension Implementation Measures" nearly three years ago, with a diverse range of products and improved performance [1][2] - Public funds have demonstrated unique advantages in professional management, providing a crucial pathway for investors to achieve long-term stable growth amid an aging population [1][5] Performance Improvement - Since the official implementation in November 2022, the personal pension system has operated smoothly, with the number of personal pension funds reaching 302, of which 296 have achieved positive returns, resulting in a positive return rate of 98.01% [2][4] - The median return rate of these funds since inception is 14.05%, with 69.21% of products experiencing net value growth exceeding 10%, indicating a broad profitability and a high proportion of mid-to-high returns [4] - Initial challenges were faced, with 132 funds established in 2022 showing a median net value decline of 3.82% in 2023, but the long-term investment value is becoming increasingly evident as market conditions improve [4][6] Growth in Fund Scale - By the end of Q2 this year, the total scale of 294 personal pension funds exceeded 12 billion yuan, marking an increase of over 3 billion yuan since the end of 2024, with 97.73% of funds experiencing growth [4][5] - The expansion in scale reflects an increase in market recognition, with 84.47% of products seeing growth exceeding 10% [4] Public Fund Professional Capability - Public funds are the largest asset management segment in China, managing over 6 trillion yuan in pension assets, showcasing their recognized professional capabilities in pension management [5] - The basic pension insurance fund has achieved positive returns for eight consecutive years since its investment operation began in 2016, with an average annual return rate of 5.15% [5] - The national social security fund has maintained an average annual return rate of 7.55% since its establishment in 2000, enhancing the resilience of China's pension system against risks [5] Importance of Personal Pension System - As of the end of 2024, the population aged 60 and above in China is projected to reach 310 million, highlighting the urgent need for effective pension solutions [7][8] - The personal pension system serves as a critical pathway for individuals to actively manage their retirement savings, emphasizing personal choice and responsibility [7][8] - The system encourages long-term investment and compounding growth, positioning it as a vital component of future financial planning for retirement [8]