董克用谈中国式养老金融的 “三分法”

Core Viewpoint - The forum highlighted the need for a diversified pension finance system in China, emphasizing the importance of integrating pension service finance and pension industry finance alongside traditional pension finance [3][6]. Group 1: Pension Finance - The concept of pension finance focuses on the arrangement of pension systems, indicating that relying solely on the pay-as-you-go model or pure individual accumulation is not feasible in the context of aging populations [3][6]. - A multi-pillar development approach is necessary, with the establishment of second and third pillars for accumulated pensions, which is essential for effective pension asset management [3][6]. Group 2: Pension Service Finance - There is a growing need for diverse financial products that cater to the varied retirement needs of the population, which are not covered by the first, second, or third pillars of the pension system [3][6]. Group 3: Pension Industry Finance - The introduction of pension industry finance is driven by the rapid aging of the population and the inadequacies in the market mechanisms and financial systems in China, highlighting the need for financial support for the large-scale elderly care industry [3][6]. - The understanding of Chinese-style pension finance should be contextualized within the broader silver economy, involving participation from banks, funds, insurance, trusts, and the youth demographic [3][6].