储蓄国债（电子式）将纳入个人养老金产品范围

Core Insights - The Ministry of Finance and the People's Bank of China announced that starting from June next year, personal pension savings bonds (electronic) will be included in the range of personal pension products, allowing pension investors to purchase these bonds through designated institutions [1][2] - Personal pensions are a government-supported, voluntary supplementary pension system that allows individuals to choose from various compliant financial products, including savings deposits, wealth management products, commercial pension insurance, public funds, and government bonds [1] - As of the end of June, over 1.439 million investors had opened personal pension wealth management product accounts, representing a 46.2% increase since the beginning of the year, with these products generating over 390 million yuan in returns for investors [1] Industry Implications - The inclusion of savings bonds is expected to address the current "mismatch of terms" issue, aligning with the long-term investment characteristics of pension funds and optimizing asset allocation structures [1] - The notification mandates that institutions must establish dedicated accounts for pension investors to record their purchases and holdings of savings bonds, ensuring proper tracking and management [2] - Institutions are required to expedite the development of business plans and system integration to ensure a smooth launch of the personal pension savings bond business [2]