Quan Jing Wang·2025-10-27 01:44Core Insights - The discussion at the 2025 Bund Annual Conference highlighted the need for a well-defined multi-tiered pension security system, emphasizing the roles of government, market, and society in this framework [1][2] - The insurance industry is urged to enhance its core capabilities in protection, investment, and service to address the current pension supply-demand imbalance [1] Group 1: Roles in Pension Security System - The government serves as the safety net for basic security with a focus on fairness and inclusivity [1] - The market acts as a provider of diversified solutions tailored to demand [1] - Society plays a supplementary role through mutual assistance and service participation [1] Group 2: Development of Pension Pillars - The second pillar's main task is to "expand coverage," with suggestions to implement automatic enrollment mechanisms for enterprise annuities in Xiong'an New Area [1] - The third pillar should focus on "professional development," encouraging financial institutions to establish specialized pension finance entities [1] Group 3: Insurance Industry's Focus Areas - The insurance sector should enhance its ability to manage longevity and disability risks through innovative annuity plans and commercial long-term care insurance products [1] - There is a need to strengthen long-term and stable investment capabilities, balancing absolute and relative returns [1] - The industry should improve its ability to integrate diverse services, leveraging the long-term nature of insurance funds to develop a comprehensive pension service ecosystem [1]