鲁政委：扩面提额，丰富个人养老金可投理财产品——《关于促进养老理财业务持续健康发展的通知》解读

Core Viewpoint - The Financial Regulatory Authority has issued a notification to promote the sustainable and healthy development of pension financial products, expanding the pilot program's scope, duration, and institutional participation, which is expected to significantly increase the scale of pension financial products [4][5][6]. Group 1: Expansion of Pilot Program - The pilot program for pension financial products has been expanded to nationwide coverage with a three-year duration, allowing up to 29 financial companies to participate, increasing from the previous limit of 11 [5][6]. - The fundraising cap for pension financial products is now linked to the net capital and risk capital of financial companies, potentially allowing for a maximum fundraising scale of 830 billion yuan, three times the previous limit [7][5]. - The notification aligns the pension financial product pilot with the personal pension system, enhancing the overall support for pension finance [5][6]. Group 2: Long-term Product Development - The notification encourages the issuance of long-term pension financial products with a minimum duration of 10 years, aiming to attract stable long-term funds [10][11]. - Mechanisms for product transfer and pledge services are proposed to enhance the liquidity of long-term products, facilitating their issuance [10][11]. - The notification supports diversified investment strategies, allowing pension financial products to invest in various asset classes, including bonds, stocks, and derivatives [10][11]. Group 3: Comprehensive Service System - Financial companies are encouraged to explore comprehensive services based on pension financial products, including account management and advisory services [14][15]. - A unified investor pension financial account mechanism may be established to help investors manage all their pension financial products more effectively [14][15]. - The notification suggests that pension financial products could become a key area for banks to develop investment advisory services, enhancing their wealth management capabilities [15].