6家机构、37只个人养老金理财，收益率大多高于同类

Core Viewpoint - The personal pension financial products in China have expanded for the ninth time, indicating a growing market and increasing participation from various financial institutions [1][2]. Group 1: Market Expansion - As of August 26, 2023, the ninth batch of personal pension financial products has been released, with 37 products issued by 6 financial companies [1]. - Currently, there are 21 commercial banks involved in the distribution of these products, reflecting a broadening of the market [1]. - The personal pension system was launched in November 2022 and has since expanded nationwide, indicating a significant policy shift [1]. Group 2: Investment Performance - The scale of public funds within personal pension products reached 411.77 billion yuan as of August 27, 2023, showing substantial growth [2]. - The average annualized return for personal pension financial products is over 3.4%, significantly higher than the average return of 2.12% for general financial products [5]. - The investment strategy for personal pension products allows for a longer investment horizon, which helps in achieving higher returns compared to traditional short-term products [4][5]. Group 3: Asset Allocation - Personal pension products have a more diversified asset allocation, with approximately 50% in bonds and a higher proportion of equity investments compared to traditional financial products [5][6]. - The investment in equity is still relatively low compared to international standards, indicating room for improvement in the risk-return profile of these products [9]. - The current trend shows a need for a strategic shift towards higher-risk assets to enhance long-term returns, especially in light of increasing life expectancy and inflation [8][9].