（图为北京自贸试验区支行团支部开展志愿活动） 在经开区"两区"建设政策框架下，杭州银行北京分行近日组织专项金融服务活动，聚焦科技金融工具应 用、科创企业扶持政策及特色贴息政策等企业关注领域，通过案例解析、现场答疑、互动体验等多元化 形式，助力企业系统提升金融工具运用能力，精准对接政策资源。特别是在北京经开区"两区"建设政策 框架下，杭州银行北京分行的志愿者们详细为企业解读了科技创新型企业在财政贴息、税收优惠、融资 担保等方面的政策，方便园区企业切实有效用好政策资源。 传承雷锋精神 践行金融为民 为贯彻落实总行关于"3·5学雷锋志愿服务月"的工作部署，围绕金融"五篇大文章"，进一步推动志愿服 务与主责主业深度融合，杭州银行北京分行团委3月开展"杭银青锋 志愿同行"主题志愿活动，深入社区 园区，贴近群众企业，为首都高质量发展贡献更多金融青春力量。 践行科技金融，赋能创新发展 在第 62 个 "学雷锋纪念日"，杭州银行北京自贸试验区支行联合北京经济技术开发区企业协会，组织惠 买集团产业园区开展 "科技金融进园区" 专项行动。金融志愿者针对科技创新型企业需求，系统解读财 政贴息、税收优惠等政策，并通过案例解析、互动体 ...

关怀更有深度 农行湖南分行不仅注重硬件设施的适老化改造，更在服务流程上不断创新，为老年客户提供更加人性化的关 怀。 农行湖南分行"助老"行动，守护幸福"银龄"时光 长沙晚报掌上长沙3月17日讯（通讯员 王慧娴）随着银发浪潮的悄然来临，养老问题成为社会关注的焦点。 在湖南这片人杰地灵的土地上，农行以实际行动书写养老金融的新篇章，致力于为老年群体提供更加贴心、便捷 的金融服务。 硬件升级 服务更有温度 走进农行的网点，老年客户随处可感受到体贴入微的服务。适老化网点为老年客户配备了专用座椅和移动扶 手，为行动不便的客户提供安全舒适的休息空间；便民服务箱里，老花镜、放大镜、轮椅等一应俱全；大厅内显 著位置张贴着加大字体和简明图示的填单模板，帮助老人轻松完成表格填写；针对听力较弱的客户，还特别设置 了震动闪光的叫号设备；全年开放的无障碍通道，让依靠轮椅出行的客户轻松进出网点，确保老年人享受到无障 碍的金融服务。 网点每一处细节都彰显着对老年人的深切关怀，特别是养老金融顾问为老年客户提供专属陪同服务，更是让 到店办理业务的老人们感受到了家的温暖。2024年，农行湖南分行辖内10家网点获评人民银行湖南省分行"老年人 支付示 ...

Core Viewpoint - The article emphasizes the importance of the recent National People's Congress in shaping a new blueprint for high-quality development in China, particularly for the securities industry, which plays a crucial role in financial innovation and resource allocation [1][2]. Group 1: Industry Development - The securities industry is positioned as a key player in promoting financial innovation, optimizing resource allocation, and supporting national strategies [1]. - The focus of the National People's Congress includes deepening reform, promoting technological innovation, and accelerating green transformation, which provides a broad platform for the high-quality development of the securities industry [1][2]. Group 2: Company Strategy - The company is committed to deepening its own reforms, optimizing business structures, and enhancing operational systems to create differentiated competitive advantages [2]. - In investment banking, the company emphasizes meticulous management and quality control to reduce business risks and improve service effectiveness for the real economy [2]. - The asset management sector is driven by talent development to enhance research capabilities and client service, aiming for a dual-driven approach between public and private offerings [2]. Group 3: Risk Management - Risk management is highlighted as a cornerstone for stable development, with the company focusing on enhancing risk monitoring and prevention systems [3]. - The company is actively involved in capital market reforms, supporting strategic emerging industries through investment and financial services [3]. Group 4: Green and Inclusive Finance - The company has a strong commitment to green finance, having successfully issued green bonds and engaged in projects that support environmental sustainability [4]. - In inclusive finance, the company prioritizes investor interests and offers personalized wealth management services, while also contributing to charitable causes [5]. Group 5: Digital Transformation - The company is advancing its digital strategy by integrating AI and data applications to enhance operational efficiency and service quality [5]. - It actively participates in social responsibility initiatives, including poverty alleviation and investor education, to foster a more inclusive financial environment [5]. Group 6: Future Outlook - In the concluding year of the 14th Five-Year Plan, the company aims to strengthen its political positioning, enhance internal reforms, and innovate financial service models to support the real economy and contribute to green transformation and common prosperity [6].

Group 1 - The core idea of the articles is that CITIC Bank's Changsha branch is actively promoting financial knowledge and consumer rights protection for the elderly, especially in response to national initiatives aimed at enhancing financial services for senior citizens [1][4] - The bank organized a series of community outreach activities, including financial education sessions at retirement centers and local communities, focusing on preventing financial fraud and scams targeting the elderly [2][4] - Specialized service areas for elderly customers have been established in bank branches, equipped with facilities like reading glasses and medical kits to create a more comfortable banking environment [4] Group 2 - The bank's staff conducted interactive financial education sessions, using real-life examples to explain the risks of high-interest schemes and fraudulent investment promises, thereby enhancing the elderly's awareness of financial safety [2] - In addition to services for the elderly, CITIC Bank also provides special attention to disabled customers, offering facilities like wheelchair access and priority services to ensure inclusive banking [4] - The successful execution of these financial education initiatives not only improves the financial literacy of residents but also demonstrates CITIC Bank's commitment to social responsibility as a financial institution [4]

中国人保总裁赵鹏最新发声 3月23日，在中国发展高层论坛2025年年会"人口结构变化的挑战与机遇"专题研讨会上，中国人民 保险集团党委副书记、总裁赵鹏表示，养老金融作为支持和服务我国健康养老事业和银发经济发展的重 要金融工具，在产业体系、金融体系中的价值将进一步凸显。保险业是具有社会"稳定器"功能的金融细 分行业，在养老金融大文章中将大有可为，可以发挥三重作用。 "当前，我国已进入深度老龄化社会，微观个体和家庭消费偏好的变化，将导致社会总需求结构的 变化，进而对我国产业结构、资源配置、资产价格产生影响，引发经济社会系统性、长周期、深层次的 转变。"赵鹏谈道。 其次，保险在养老健康及银发经济领域，可以发挥重要的产业链整合和服务生态构建作用，向上联 结医疗、长期护理、养老等保险产品，向下联结慢病管理、医疗照护等健康养老产业，促进银发经济优 化升级，为广大人民群众提供"保障+资金+服务"的一揽子养老服务。 最后，保险行业可以发挥"耐心资本"优势，在居民长期养老资金储备与我国资本市场资金供给之间 搭建起桥梁纽带，既可以促进资本市场健康稳定发展，又有利于改变我国长期以来以间接融资为主的融 资结构，助力金融深化和结构优化 ...

养老保障业务存在问题，国寿养老再收百万罚单 公开资料显示，国寿养老是中国人寿保险（集团）公司旗下的全国性养老金融机构，于2007年1月成 立，总部位于北京，注册资本34亿元。为客户提供企业年金基金管理、职业年金基金管理、基本养老保 险基金管理、财富管理、资产管理等综合金融产品和服务。 3月24日，中国人寿养老保险股份有限公司（以下简称"国寿养老"）公告显示，因养老保障业务投资管 理等3项问题，被合计罚没180万元。值得注意的是，这是两年时间内，国寿养老第二次因养老保障业务 违规，收到来自国家金融监督管理总局的罚单。 国寿养老相关人士针对处罚表示，在此次行政处罚决定书下发前，公司已完成全面彻底整改。目前，养 老保障业务早已不是养老险公司重点业务，公司已将重心放到长期、养老特征明显的业务中。 时隔不到两年，"养老保障业务"违规合计被罚290万 3月24日，国寿养老最新公告表示，近期，该公司收到国家金融监督管理总局《行政处罚决定书》，因 养老保障业务在运营管理、投资管理、账户管理方面的3项问题，分别被处以罚款30万元、120万元和30 万元。 据悉，这并非国寿养老首次在该项业务中出现违规行为。2023年8月31日， ...

Core Viewpoint - The A-share market is experiencing a strong upward trend, with the Shanghai Composite Index reaching 3,413.98 points, marking a year-to-date increase of 1.86% [1][2]. Group 1: Market Performance - The Shanghai Composite Index rose by 55.25 points, or 1.65%, with a trading volume of 452.5 billion [2]. - The Shenzhen Component Index increased by 221.31 points, or 2.06%, with a trading volume of 616.2 billion [2]. - The North Star 50 Index saw a rise of 33.84 points, or 2.48%, with a trading volume of 29.7 billion, reflecting a year-to-date increase of 34.93% [2]. Group 2: Financial Policies and Support - The Shanghai Stock Exchange has developed an action plan with 16 specific measures to enhance financial services for "hard technology" enterprises, focusing on supporting key technological breakthroughs [3]. - The implementation opinions aim to optimize financial services for technology enterprises throughout their lifecycle, promoting green, inclusive, pension, and digital finance reforms [4]. - The China Securities Regulatory Commission will formulate detailed plans to ensure the effective implementation of these policies, which are expected to boost market confidence and support the technology and green sectors [4]. Group 3: Consumer Sector Strength - The consumer sector is showing strong performance, particularly in soft drinks, alcohol, and food industries, with the CSI Food and Beverage Index rising over 4% [6]. - Major stocks in the beverage sector, such as Luzhou Laojiao and Wuliangye, have seen significant increases, with Luzhou Laojiao rising over 6% [6]. - The optimism surrounding consumer recovery is supported by government policies aimed at stimulating consumption, which is expected to benefit the food and beverage sector as the economy improves [7]. Group 4: Investment Outlook - Citigroup has upgraded its rating on Chinese stocks to "overweight," citing the strength of the Chinese technology sector and government support, despite the recent market rally [9]. - The report indicates that even after the market's rise, Chinese stocks remain attractive due to low valuations and strong government backing for the technology industry [9].

Investment Rating - The report maintains an "Outperform" rating for the non-bank financial sector [5]. Core Insights - The personal pension system is being expanded from 36 pilot cities to nationwide, resulting in a year-on-year increase of 51.7% in personal pension fund size and a staggering 373.7% increase in cumulative sales of personal pension financial products by the end of Q4 2024 [1]. - The inclusion of index funds in the personal pension product catalog has led to a 59.2% year-on-year and 43.9% quarter-on-quarter increase in the number of personal pension fund products by the end of Q4 2024 [1]. - The implementation plan for promoting long-term capital market entry has been released, aiming to gradually increase the investment ratio of social security funds in equity assets and to refine the long-term assessment mechanisms for pension funds [1]. Summary by Sections First Pillar Pension Tracking - As of Q4 2024, the entrusted investment scale of the basic pension insurance fund reached 2.3 trillion yuan, reflecting a year-on-year increase of 23.7% and a quarter-on-quarter increase of 21.1% [2][11]. Third Pillar Pension Tracking Pension Financial Products Tracking - By the end of Q4 2024, the number of pension target funds and pension financial products stood at 270 and 51, respectively, with year-on-year increases of 3.4% and no change [18]. - The scale of pension target funds was 602 billion yuan, showing a year-on-year decrease of 14.3% and a quarter-on-quarter decrease of 6.5% [19]. Personal Pension Tracking - The number of personal pension funds and personal pension financial products reached 285 and 30, respectively, with year-on-year increases of 59.2% and 30.4% [57]. - The scale of personal pension funds was 9.1 billion yuan, reflecting a year-on-year increase of 51.7% and a quarter-on-quarter increase of 24.5% [3][57]. Pension Financial Policy Tracking - The report highlights the national-level policies aimed at promoting the development of a multi-tiered pension insurance system and improving social security benefits [11]. Pension Industry Financial Tracking - The report provides insights into the market structure and performance of various pension financial products, including the performance of pension target funds and the distribution of pension financial products among different financial institutions [42][50].

国务院办公厅关于做好金融"五篇大文章"的指导意见 国办发〔2025〕8号 各省、自治区、直辖市人民政府，国务院各部委、各直属机构： 为贯彻落实党中央、国务院决策部署，推动做好科技金融、绿色金融、普惠金融、养老金融、数字 金融"五篇大文章"，加快建设金融强国，经国务院同意，现提出以下意见。 一、总体要求 坚持以习近平新时代中国特色社会主义思想为指导，深入贯彻党的二十大和二十届二中、三中全会 精神，落实中央经济工作会议、中央金融工作会议部署，完整准确全面贯彻新发展理念，统筹发展 和安全，坚持和加强党对金融工作的全面领导，坚持金融服务实体经济的根本宗旨，牢牢守住不发 生系统性金融风险底线。顺应经济社会高质量发展的战略需要、阶段特征和结构特点，深化金融供 给侧结构性改革，强化金融政策和科技、产业、财税等政策衔接配合，提升金融服务能力，优化资 金供给结构，切实加强对重大战略、重点领域和薄弱环节的优质金融服务，支持因地制宜发展新质 生产力。 到2027年，金融"五篇大文章"发展取得显著成效，重大战略、重点领域和薄弱环节的融资可得性和 金融产品服务供需适配度持续提升，相关金融管理和配套制度机制进一步健全。科技金融体系与实 ...

Investment Rating - The industry investment rating is "Outperform the Market," indicating that the industry index is expected to perform better than the market by more than 5% over the next six months [28]. Core Insights - Australian superannuation funds are projected to increase their investments in the U.S. to AUD 1 trillion over the next decade, with current investments at approximately AUD 400 billion [2][9][10]. - New Jersey has committed to fully funding its pension system for the fifth consecutive year, with a budget proposal of USD 72 billion for the 2025 fiscal year [3][11]. Summary by Sections Australian Pension Investments - The Australian superannuation industry, currently valued at AUD 2.6 trillion, plans to accelerate its investment in the U.S. market, with expectations of reaching AUD 1 trillion in the next ten years. This is driven by the U.S. market's innovation and depth, with about 20% of current Australian retirement fund assets already allocated to the U.S. [2][9][10]. - Aware Super noted that 70% of new funds are directed overseas, with two-thirds going to the U.S. [9]. New Jersey Pension Funding - New Jersey's Governor announced a budget proposal of USD 58.1 billion for the 2025 fiscal year, which includes a USD 7.2 billion contribution to the state pension system, marking a shift from previous practices of underfunding [3][11]. - The state aims to stabilize its pension funding after years of financial strain and underpayment, which had led to significant pension asset shortfalls [3][11]. Overseas Pension Dynamics - The U.S. employer groups are supporting FedEx in a legal dispute regarding pension benefits for married retirees, highlighting ongoing challenges in pension management [8][12]. - The Korean sovereign wealth fund KIC reported an 8.5% return for 2024, attributed to strong equity investments [14]. - The People's Pension in the UK is reallocating USD 35 billion to focus on responsible investment strategies, enhancing transparency and flexibility in asset management [15]. Domestic Pension Policies and Developments - The Chinese Ministry of Finance is focusing on improving the pension system and enhancing social security measures, including gradual retirement age reforms and increasing basic pension levels [21][22]. - Qingdao has implemented a pension advisory system to assist the elderly in accessing resources and services [21][22]. - Shanghai has released guidelines for the construction and service of specialized elderly day care centers to improve care for seniors with disabilities [21][22].