Sou Hu Cai Jing·2025-10-30 06:15Core Viewpoint - The Australian Superannuation Group emphasizes the importance of sharing its pension system experiences with China to help improve the retirement fund system and ensure dignified retirement for the population [1][7]. Group 1: Market Insights - The depth of the Chinese market has significantly increased over the past decade, with various business metrics experiencing multiple-fold growth, enhancing its attractiveness to investors [3][8]. - The investment potential in China has expanded beyond traditional industries to include technology, biotechnology, and semiconductors, indicating a shift in investment opportunities [8]. Group 2: Pension System Comparison - The Australian pension system is characterized by universal principles ensuring all citizens are included and mandatory contributions are made, alongside a preservation mechanism that restricts access to funds until retirement age [5]. - The Australian pension system has a long-term investment perspective, with approximately 70% of assets allocated to growth-oriented investments, aiming for returns that exceed inflation [5]. Group 3: ESG Focus - The increasing emphasis on ESG (Environmental, Social, and Governance) practices in China is viewed as a significant development, with companies that prioritize these aspects being favored for investment [8][9]. - The recognition of good capital management and dividend policies by Chinese companies is seen as crucial for enhancing net asset returns [9]. Group 4: Future Plans - The Australian Superannuation Group plans to deepen its collaboration with China Life Insurance Company to diversify asset allocation strategies for Chinese citizens, moving away from reliance on real estate and bank savings [10].