专题：中国社会科学院社会保障论坛暨《中国养老金发展报告2025》发布式 12月6日金融一线消息，中国社会科学院社会保障论坛暨《中国养老金发展报告2025》发布会今日召 开，全国人大常务委员会委员、中国社会保障学会会长郑功成做主旨发言。他指出，发展企业年金、个 人养老金和其他商业养老金融的关键，在于增强目标人群与养老金融的适配性，真正做到让有能力者有 需要，有需要者也有能力。 郑功成指出，目前是有能力者没有需要或者需要的意愿不强，而有需要者又没有能力，这就是我们面临 的尴尬局面，这是导致企业年金和商业性养老金融产品发展不理想的深层次的原因。 针对这一问题，郑功成提出改进方向：一定要明确公共养老金保基本的定位，让较高的替代率适当下 调，将较低的替代率应该往上调，然后对于低收入的劳动者应该考虑给予相应的补贴。他结合考察经历 提到，只有对低收入者购买个人养老金或者商业性养老金加以补贴，才能够跟我们目前个人所得税养老 专项扣除相匹配，才能使更多的人有需要也有能力或者有能力也有需要，那么整个养老金融这篇大文章 才能写好。此外，市场主体也要开发出受到客户欢迎的养老金融产品，尤其是要提高养老金融产品的增 值服务，这样，多层次 ...

中原信托自1985年成立以来，始终与河南经济社会发展同频共振，历经四十载深耕积淀，已成为服务地 方经济的重要金融力量。近年来，面对复杂多变的经济环境和行业转型挑战，中原信托坚持稳中求进， 深入践行金融工作的政治性和人民性，紧紧围绕服务实体经济、防控金融风险、深化金融改革三大任 务，持续提升专业能力与服务效能；依托信托制度优势，积极布局资产服务信托、资产管理信托和公益 慈善信托三大业务类型，深度融入科技金融、绿色金融、普惠金融、养老金融、数字金融等重大战略领 域，助力构建新发展格局；经营发展保持稳健态势，营业收入、净利润等主要经营指标在行业排名稳步 提升；转型创新成效显著，管理的信托资产规模保持在4000亿元左右，其中标品业务规模近1000亿元， 财富管理、家族信托、预付金信托等本源业务快速发展，服务实体经济的质效持续增强。 近日，中原信托有限公司（以下简称"中原信托"）陆续收到国家金融监督管理总局河南监管局批复和河 南省市场监督管理局新营业执照，标志着中原信托2025年增资扩股工作圆满完成，体现了省委、省政 府、省财政厅以及股东单位对中原信托发展前景的坚定信心和鼎力支持。增资后，中原信托注册资本达 到50亿元 ...

2025年11月底，正值个人养老金制度正式实施三周年，嘉实基金以一场"养老投资+健康生活"的跨界联 动为服务养老投资拓展了投教新场景，扎实做好养老金融大文章。 人口老龄化是全球性的挑战，养老金的保值增值关系着大众的养老福祉，在破解养老难题上金融机构承 担的责任和扮演的角色越来越重要。2023年10月底召开的中央金融工作会议提出金融行业高质量发展要 做好"五篇大文章"，其中首提"养老金融"，为公募基金行业高质量发展指明了路径。"十五五"规划建议 提出，"完善并落实基本养老保险全国统筹制度，加快发展多层次、多支柱养老保险体系"，也为未来五 年明确了持续发力方向。 作为国内养老金投资的先行者之一，嘉实基金全面参与和助力我国养老三大支柱体系建设，为养老投资 配备一流投研团队，持续深耕产品创新和系统化服务，整合各类优势资源服务养老金业务。在个人养老 方面，2019年嘉实基金推出养老FOF公募产品，2022年成为首批获批个人养老金投资基金产品的基金公 司。截至目前，嘉实基金已有11只公募基金纳入个人养老金基金名单，涵盖目标日期型、目标风险型、 以及指数基金，多元化的产品布局有效满足不同投资期限、风险偏好客户群体的个养配置 ...

Core Viewpoint - Chengdu Bank is positioned as a key player in the financial sector of Western China, focusing on supporting the real economy and demonstrating resilience and growth potential amid complex economic conditions [2][3]. Group 1: Financial Performance and Growth - As of September 2025, Chengdu Bank's total assets exceeded 1.38 trillion yuan, with deposits of 986.4 billion yuan and loans totaling 847.5 billion yuan, placing it among the top tier in the industry [2]. - The bank achieved a significant loan balance increase of 14.13% in the first three quarters of 2025, outpacing asset growth [3]. - In the first half of 2025, the bank's experience in issuing special bonds exceeded 45 billion yuan, supporting major local projects [3]. Group 2: Innovation and Technology - Chengdu Bank has developed a unique "four specialized" service model for technology finance, covering the entire lifecycle of tech enterprises, with over 80% coverage of national-level specialized and innovative "little giant" companies [4]. - The bank successfully underwrote the first batch of technology innovation bonds in May 2025, directing financial resources to cutting-edge sectors like photonic chips and biomedicine [4]. Group 3: Diverse Financial Services - The bank is actively expanding its services in five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, enhancing service quality and capacity [5]. - Chengdu Bank has supported over 530 cultural and creative enterprises with more than 4.7 billion yuan through specialized products like "Growth Loan" and "Cultural Creative Pass" [5]. Group 4: Corporate Governance and Market Confidence - The bank has demonstrated strong corporate governance and market confidence, with a total of 6.11 billion yuan in share buybacks announced by its controlling shareholder [7]. - In July 2025, the bank declared a cash dividend of 3.776 billion yuan, marking a historical high with a dividend yield of approximately 5.22% [7]. - Chengdu Bank has maintained stable dividends for eight consecutive years, totaling 17.856 billion yuan since its listing [7]. Group 5: Future Outlook - Looking ahead to the "15th Five-Year Plan," Chengdu Bank aims to continue its role in supporting the Chengdu-Chongqing economic circle with innovative and stable financial services [8].

人民财讯12月5日电，中共湖北省委关于制定全省国民经济和社会发展第十五个五年规划的建议发布， 其中提到，推动金融改革创新。加快构建股权投资引导体系、债权融资增信体系、多层次资本市场公开 募资培育体系，为各类创新主体、产业主体提供全业态、全链条金融服务。大力发展科技金融、绿色金 融、普惠金融、养老金融、数字金融，服务实体经济高质量发展。完善供应链金融服务平台、中小企业 融资信用平台，着力提升金融资源配置效率。优化企业挂牌上市服务体系，推动企业上市增量提质。面 向全球招引头部金融机构和专业化金融服务中介，广泛吸引各类基金资源、集聚新兴金融业态，高水平 推进武汉科技金融中心建设。 ...

Core Viewpoint - The Central Financial Work Conference has outlined a strategic deployment focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, guiding the financial industry towards high-quality development [1]. Technology Finance - Henan UnionPay leverages technology to enhance financial services and risk management, collaborating with local banks to implement solutions like "Fire Eye" and "Sky Shield," which have identified risks for over 315 million personal loans and 55 million small business loans [2]. - The introduction of a service for querying deceased individuals' bank accounts has improved efficiency, covering 33 banks and significantly reducing the need for public visits [2]. - A comprehensive anti-fraud campaign has been launched, achieving 15,000 downloads of promotional materials, reinforcing public financial security [2]. Green Finance - Henan UnionPay promotes green finance through initiatives like the "1 penny bus ride" program, investing over 400,000 yuan to encourage eco-friendly transportation [3]. - A partnership with the Bank of Communications has created a comprehensive green benefits system, investing 700,000 yuan to reduce consumer costs across various transportation modes [3]. - The organization is expanding green consumption initiatives, integrating eco-friendly practices into consumer behavior [3]. Inclusive Finance - Henan UnionPay focuses on rural and small business support, facilitating sales of local agricultural products that generated over 16 million yuan through targeted marketing efforts [4]. - A merchant platform has been established to connect small businesses directly with UnionPay, with 11 payment institutions participating, and a subsidy policy has been introduced to lower operational costs for small merchants [4]. - The "One Minute Life Circle" project has issued small consumption vouchers, resulting in over 2.81 million transactions and boosting consumption by over 105 million yuan [4]. Pension Finance - Henan UnionPay has developed a senior-friendly financial service ecosystem, launching a comprehensive subsidy program for elderly consumers, distributing nearly 20 million yuan in benefits [5]. - The organization has partnered with over 800 senior meal service providers to facilitate various payment methods, addressing payment challenges for the elderly [5]. - The "Caring Version" of the UnionPay app has been optimized for seniors, simplifying the user interface and enhancing accessibility to digital payment services [6]. Digital Finance - Henan UnionPay is building a digital financial ecosystem tailored to the needs of small banks and rural revitalization, enhancing merchant capabilities and promoting integrated payment solutions [7]. - The "Jinxiu Action 2025" initiative aims to improve the acceptance environment for merchants, with 59,400 merchants currently enabled for card and code payments [7]. - The organization is fostering collaboration between government and industry resources to support the digital transformation of small banks and contribute to rural financial development [7]. Conclusion - Henan UnionPay is committed to integrating financial services with community needs, focusing on technology, green initiatives, inclusivity, elder care, and digital transformation to enhance the quality of life and economic development in the region [8].

Core Viewpoint - China Merchants Bank Nanchang Branch has been committed to serving the local economy and social welfare in Jiangxi for 27 years, focusing on differentiated, refined, intelligent, and professional financial services to support economic development and improve people's livelihoods [1] Financial Development and Services - The bank has implemented the "1269" action plan during the 14th Five-Year Plan period, aiming to achieve over 100 billion yuan in loans and over 140 billion yuan in deposits by September 2025, serving over 4.34 million personal customers and nearly 70,000 corporate customers [1] - The bank has established a "six specialized" mechanism in technology finance, providing differentiated financial services to tech enterprises, with a technology finance loan balance exceeding 11.6 billion yuan and an annual increase of nearly 3.2 billion yuan by September [2] - In green finance, the bank promotes various green loan products, achieving a green loan balance of over 8 billion yuan with an annual increase of nearly 1.8 billion yuan [2] - The bank has set up a working group for small and micro enterprise financing, resulting in a balance of inclusive loans exceeding 23.3 billion yuan and an annual increase of nearly 1.1 billion yuan [2] Support for Key Industries - The bank focuses on supporting key industries such as non-ferrous metals, electronic information, equipment manufacturing, new energy, and pharmaceuticals, with a target loan growth rate exceeding the average growth rate of corporate loans by 13.5 percentage points [3] - By 2025, the bank plans to invest over 10.7 billion yuan in 12 key industrial chains, enhancing support for regional quality industries [3] Rural Revitalization Initiatives - The bank emphasizes support for rural areas, particularly in renewable energy projects, with nearly 100 million yuan in loans for rural infrastructure and over 3 billion yuan in new loans for agriculture and rural development by 2025 [4] - The bank actively supports specific villages in Jiangxi, enhancing local industries and community projects to improve residents' income [4] Innovation and Customer Service - The bank prioritizes customer-centric service, implementing a "one-hour response" mechanism to enhance customer satisfaction and service experience [5] - The bank integrates counter and lobby services to create a seamless service experience, recognized as a model for civilized service [5] Product and Business Innovation - The bank promotes various digital products such as "Salary Welfare," "E-Catering," and "Financial Management Cloud," providing comprehensive solutions for enterprises [6][7] - The bank has developed innovative financing products based on government procurement contracts, supporting over 500 suppliers [7]

广义货币(M_2)和社会融资规模增速均保持在较高水平、信贷结构持续优化、贷款利率保持在低位水 平……今年以来，适度宽松的货币政策持续发力，有力支撑经济回升向好。下一步，货币政策将继续发 力，把握好力度和节奏，保持对实体经济的较强支持力度。 金融支持质效提升 "十五五"规划建议提出，实施更加积极的宏观政策，持续稳增长、稳就业、稳预期。今年以来，适度宽 松的货币政策发力显效。金融总量较快增长，10月末社会融资规模存量为437.72万亿元，同比增长 8.5%；前10个月社会融资规模增量累计为30.9万亿元，比上年同期多3.83万亿元。与此同时，货币供应 量保持较快增长，10月末，M_2余额335.13万亿元，同比增长8.2%。10月末，人民币贷款余额270.61万 亿元，同比增长6.5%。 "金融总量合理增长为实体经济提供了有力支撑。"东方金诚首席宏观分析师王青表示。在适度宽松的货 币政策带动下，社会综合融资成本持续下降，为经营主体纾困解难、注入信心。最新数据显示，10月份 企业新发放贷款(本外币)加权平均利率为3.1%，比上年同期低约40个基点；个人住房新发放贷款(本外 币)加权平均利率为3.1%，比上年同期低约 ...

Group 1 - The 2025 China Resident Retirement Readiness Index is 5.49, showing a slight increase from 5.34 in 2024, indicating stability with characteristics of "cognitive reinforcement, action lag, and confidence pressure" [1] - Residents' awareness of retirement responsibilities and financial planning continues to improve, but the completeness of retirement plans, savings adequacy, and future income confidence remain low, marking a critical transition from awareness to action [1] - High retirement readiness index groups are primarily composed of individuals born in the 1980s, married, in good health, with graduate degrees, employed in state-owned or foreign enterprises, and possessing high financial literacy [1] Group 2 - In terms of retirement life expectations, residents are rational and pragmatic, with independent home-based retirement being the mainstream choice, and most wishing to maintain their current living standards [2] - The overall risk tolerance for retirement investments has decreased, with a preference for capital safety and stable returns, reflected in an average risk preference of -0.15 for retirement investments [2] - There is a clear generational difference in preferences for retirement financial products, with older generations focusing on capital safety and health insurance, while younger generations seek balance amid multiple pressures [2] Group 3 - The report emphasizes the need for multi-faceted collaboration to enhance retirement readiness, including improving the multi-tiered pension security system, increasing financial literacy, optimizing retirement financial product supply, and strengthening financial security for the elderly [2]

Core Viewpoint - Public funds are pioneers in personal pension initiatives and play a crucial role in the personal pension ecosystem, with the introduction of pension-targeted funds in 2018 and personal pension funds in 2022 [1] Product Matrix Expansion - As of now, a total of 1,246 personal pension products have been issued, including 466 savings products, 437 insurance products, 306 fund products, and 37 wealth management products [2] - The number of personal pension funds has expanded from 129 to 302 by the end of September 2025, with pension-targeted FOF products accounting for nearly 70% of the total [2] - By the end of the third quarter of 2025, the total scale of personal pension fund Y shares exceeded 15 billion yuan, growing over 65% since the beginning of the year [2] Performance and Growth - As of November 25, 2025, 120 out of the first 129 funds achieved positive returns, with a positive return rate of 93% and an average return of 9.14% [7] - The overall market performance of personal pension funds is strong, with an average return of 13.33% since inception, and over 90% of funds showing net value growth [7] - The largest pension FOF Y share fund, Xingquan Antai Active Pension, achieved a net value growth rate of 25.38%, surpassing its performance benchmark by 10.52 percentage points [7] Investor Engagement and Education - Companies emphasize the importance of educating investors about long-term pension planning and the need for personalized investment strategies based on individual circumstances [8] - Fund companies are focusing on enhancing investor experience and maintaining strategy stability while innovating product offerings to meet diverse investor needs [9]