专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 ...

中经记者 樊红敏 北京报道 积极推动增资扩股的不只是国民养老保险。据《中国经营报》记者根据公开信息不完全统计，截至目 前，我国已开业的专业养老险公司有10家，仅2024年以来，包括国民养老保险在内已有4家养老保险公 司，合计披露了6轮增资扩股计划。 "专业养老保险公司的密集增资，是应对政策窗口、监管要求与市场竞争的结构性必然选择。在养老金 融从'制度建设期'迈向'规模化发展期'的关键节点上，谁能率先完成资本扩充与治理优化，谁就更有可 能在多支柱养老金体系中发挥更重要的作用，抓住机遇，促进公司高质量发展。"北京大学应用经济学 博士后、教授朱俊生在接受记者采访时也表示。 资本实力成核心壁垒 根据北京产交所披露的国民养老保险增资项目信息，国民养老保险此次拟征集投资方数量不超过5个， 拟募集资金对应股份不超过4.71亿股，募资用于补充核心一级资本，支持主业发展。 此前，2024年12月，国民养老保险注册资本由111.5亿元增加至约113.78亿元，德国安联集团旗下安联投 资有限公司（以下简称"安联投资"）通过增资成为国民养老保险新股东。 国民养老保险偿付能力报告显示，截至2025年二季度末的核心偿付能力充足率和综合偿 ...

10月11日，国民养老保险股份有限公司(以下简称"国民养老保险")在北京产权交易所网站挂牌披露增资 扩股项目，计划发行不超过4.71亿股，征集不超过5家投资方。 有分析人士表示："通常而言，在此类情况下进行增资，并非出于资金压力，更多是出于与投资人的战 略协同考量，为未来业务拓展夯实基础。"该人士进一步表示，"近年来在产权交易所挂牌转让保险公司 股权的案例并不少见，但像国民养老保险这样计划一次性引入多家新股东的做法，在行业内仍较为罕 见。这也充分体现了市场对养老金融赛道发展前景的积极看好，为整个行业注入了信心。" 据悉，国民养老保险成立于2022年3月22日，成立之初，监管机构便明确了国民养老保险作为专业性养 老保险机构的定位，支持其积极参与第三支柱养老保险建设并大胆创新。其股东背景多元且实力雄厚， 涵盖了工、农、中、建、交、邮储、中信、招商、兴业、民生、华夏等11家银行理财子公司及下属公 司，6家大型证券保险机构及实业投资方，并于2024年成功引入了德国安联作为战略投资者。为拓展区 域市场，公司已相继在四川、浙江、山东、重庆、广东、上海设立了省级分公司。 这是继2024年底成功引入德国安联为战略投资人之后， ...

Group 1 - The core viewpoint of the news is the promotion of high-quality development of public funds in China, focusing on enhancing the service capabilities of fund companies for various types of medium- and long-term capital, particularly in relation to personal pension investments [1] - The China Securities Regulatory Commission (CSRC) has introduced an action plan to support the entry of medium- and long-term capital into the market, which is seen as a significant milestone for capital market development [1] - According to Huaxia Fund, medium- and long-term capital serves as a stabilizing force for the capital market, and its increased market share is expected to enhance market stability and improve the investment experience for individual investors [1] Group 2 - Huaxia Fund has positioned pension business as a strategic development direction since its inception, managing over 360 billion yuan in various pension assets by the end of 2024, including 150 billion yuan in social security funds and over 210 billion yuan in enterprise annuities [2] - The company has been recognized for its management of social security funds and has achieved excellent evaluations, serving over 200 clients in enterprise annuities and covering all 33 national planning schemes for occupational annuities [2] - Huaxia Fund was the first in the industry to launch a pension target fund in 2018 and currently offers 13 such funds, covering retirement populations from 2035 to 2060 [2] Group 3 - To enhance the supply of pension finance, Huaxia Fund aims to diversify its product offerings to meet the varied needs of pension investments, focusing on risk management and the diverse retirement savings and consumption demands of the public [3] - The company is committed to improving its professional capabilities to meet the long-term investment needs of pensions, emphasizing long-term and value investment principles while establishing a rigorous investment research and decision-making process [3] - Looking ahead, Huaxia Fund plans to actively implement the action plan's requirements, enhance investor service levels, and develop more personalized pension financial services to guide investors towards long-term investments [3]

Core Insights - National Pension Insurance Co., Ltd. (referred to as "National Pension") is launching a new capital increase plan, which is seen as a strategic move to enhance its position in the "elderly finance" sector [1][2] Capital Increase Plan - National Pension plans to raise funds by issuing no more than 471 million shares, with a fundraising period from October 13 to December 5 [2] - The funds raised will be used to supplement core Tier 1 capital and support the company's main business development [2] - The company aims to attract up to five new investors, as existing shareholders will not participate in this round of funding [3] Company Background - Established in March 2022, National Pension is the newest among the ten pension insurance companies in China, with a registered capital of 11.15 billion yuan, the highest at its inception [2] - The company has a strong shareholder base, including major banks and financial institutions, which contributes to its credibility and market presence [2] Financial Performance - National Pension has maintained continuous profitability since its establishment, with net profits of 49.08 million yuan, 315 million yuan, and 430 million yuan for the years 2022 to 2024, respectively [4] - As of mid-2025, the company reported total assets of 73.7 billion yuan and net assets of 13.1 billion yuan [4] - The average investment return rate over the past three years is 3.70%, with an average comprehensive investment return rate of 5.05% [4] Market Outlook - The increasing focus on elderly finance and the aging population in China is driving the demand for pension insurance products [5] - Regulatory bodies are encouraging pension insurance companies to innovate and expand their services to meet diverse retirement needs [6] - The capital increase is seen as essential for National Pension to expand its operations and enhance its competitiveness in the growing market [5][6]

Core Insights - The article highlights the efforts of China Life Insurance Company in enhancing elderly care services in Tianjin, addressing the challenges posed by an aging population and the need for improved financial security in retirement [1][3][11] Group 1: Elderly Care Services - China Life has established a comprehensive elderly care insurance service network covering 6.1 million people in Tianjin, integrating insurance, medical care, and caregiving [1][4] - The "Silver Age Health Insurance" program, which evolved from the original "Elderly Health Insurance," has provided medical coverage to over 5.66 million people and paid out nearly 40 million yuan in claims over the past three years [4][11] Group 2: Financial Inclusion and Education - The company is actively promoting financial literacy among the elderly, conducting 308 public classes and 316 outreach sessions to educate them about insurance and financial security [12][13] - Tailored strategies are employed to address the differing needs of urban and rural elderly populations, ensuring that financial products are accessible and understandable [8][11] Group 3: Community Engagement and Support - China Life's initiatives include on-site support for elderly clients, such as home visits for those with mobility issues, demonstrating a commitment to personalized service [8][10] - The company collaborates with local governments and communities to create a supportive ecosystem for elderly care, emphasizing a multi-layered and sustainable approach to financial security [6][11]

10月13日，北京产权交易所披露信息显示，国民养老保险股份有限公司（以下简称"国民养老保险"）拟实施增资扩股，计划发行不超过4.71亿股，征集不超 过5家投资方，募资用于补充核心一级资本，支持主业发展。 《每日经济新闻》记者注意到，这是继2024年底成功引入德国安联为战略投资人之后，国民养老保险第二次进行增资扩股。如本次增资扩股能成功实施，国 民养老保险资本实力将进一步增强，或将重回国内养老保险公司注册资本规模第一的位置。 增资扩股用于补充核心一级资本 作为专业养老险公司，国民养老保险自筹备起就备受关注，尤其是其豪华的股东阵容。 资料显示，国民养老保险成立于2022年3月22日，其股东汇聚了大型银行、证券、保险等17家金融机构。从其构成来看，"银行系"股东占据半壁江山，持股 合计占比66.81%，打破了现有养老专业保险公司均为保险系的格局。其中，既有工农中建交邮等国有大行旗下的"明星"理财子，又有中信、招商、兴业、民 生、华夏等5家股份行理财子。此外，泰康人寿、中信证券、中金公司等6家大型证券保险机构和实业投资领域企业也位列其中。 国民养老保险股权结构 | | 股东名称(前十位) | | --- | --- ...

Core Viewpoint - CITIC Bank Shenzhen Branch has been committed to serving the economic and social development of Shenzhen for 37 years, focusing on various financial services including technology finance, green finance, inclusive finance, pension finance, and digital finance to meet national and public needs [1]. Technology Finance - The bank supports semiconductor companies in Shenzhen, providing credit loans during the R&D phase and flexible financing options post-IPO to enhance production capacity and market expansion [2]. - CITIC Bank aims to create a technology finance ecosystem by collaborating with government, private equity, and research institutions to support startups and their diverse financing needs [3]. - The bank offers comprehensive financial services throughout the lifecycle of technology companies, having supported over 200 specialized enterprises in becoming national "little giants" and assisting 18 companies in listing on the A-share market [4]. Green Finance - The bank actively promotes green finance to support the dual carbon strategy, enhancing its green financial service capabilities and risk management [5][7]. - A specific case involved providing a 60 million yuan green loan to a new materials company to alleviate short-term liquidity issues caused by increased procurement costs for environmentally friendly materials [6]. - As of September 2025, the bank's green loan balance reached 26.9 billion yuan, a 54% increase from the beginning of the year, reflecting strong growth in green financing [7]. Inclusive Finance - CITIC Bank has enhanced its inclusive finance services, with over 12 billion yuan in loans to small and micro enterprises, marking a 50% year-on-year increase [8]. - The bank has implemented a coordinated financing mechanism to streamline loan processes for small businesses, ensuring rapid response and efficient service delivery [9]. - The bank's supply chain financing products have significantly contributed to the growth of inclusive loans, with a balance exceeding 4 billion yuan as of September 2025 [10]. Pension Finance - The bank is developing a comprehensive pension finance service system to address the needs of the aging population in Shenzhen, having created pension planning solutions for nearly 20,000 citizens [11][12]. - It collaborates with various institutions to explore integrated pension service models, aiming to meet the high-quality pension needs of the elderly population in both Shenzhen and Hong Kong [13]. Digital Finance - CITIC Bank is advancing its digital transformation strategy, utilizing technologies like AI and blockchain to enhance service efficiency [14]. - The launch of the "Cross-Border Flash Loan" product has provided quick financing solutions for foreign trade enterprises, with over 130 million yuan disbursed since its introduction [15]. - The "Xiaotianyuan" platform offers a one-stop service for SMEs, integrating digital and financial services to support their digital transformation [16].

Core Viewpoint - Shanghai Bank aims to become the most distinctive and best-experienced financial institution for people's livelihood, focusing on public welfare and community elderly care, enhancing service content and frequency through deep engagement and innovative services [1] Group 1: Event Overview - The "Respect for the Elderly Month" activities launched on October 10, 2023, at Wanping Theatre, themed "Shanghai Bank Elderly Care 'Benefits' Together, Beautiful Life 'Together'" [1] - The activities will run until October 31, 2023, targeting the actual needs of elderly citizens in Shanghai [2] Group 2: Thematic Activities - Four thematic activity areas include "Enjoy Consumption," "Warmth of Chongyang," "Smart Living," and "Vibrant Silver Age," providing comprehensive services for the elderly [2] - "Enjoy Consumption" offers discounts and benefits across six scenarios: housing, food, travel, entertainment, transportation, and health, including mobile payment tools [2] - "Warmth of Chongyang" features community performances and health services for the elderly, including home visits for high-risk groups [2] - "Smart Living" focuses on teaching elderly individuals to use smartphones and mobile payments, along with ongoing fraud prevention education [2][3] Group 3: Community Engagement - The "Vibrant Silver Age" initiative includes the annual "Golden Elm Award - Chongyang Song Festival," promoting a healthy and active lifestyle among the elderly [3] - The event featured a lively atmosphere with a themed market and traditional opera performances, enhancing community engagement [4] Group 4: Partnerships and Support - The event received strong support from various organizations, including China UnionPay and Shanghai Yue Opera, offering special services like discounted community dining and elderly assistance programs [7] - Additional activities around the Chongyang Festival will include initiatives to promote filial piety and community engagement through photo collections and messaging activities [7] Group 5: Financial Services Focus - Shanghai Bank has been a pioneer in pension services since 1998 and has positioned itself as a "Pension Financial Service Expert," serving nearly 6 million elderly clients [8] - The "Respect for the Elderly Month" activities reflect the bank's commitment to public welfare and the deepening of its professional services in elderly care [8]

专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 编者按：9月8日，在北京证监局指导下，北京证券业协会携手北京公募基金管理人、基金销售机 构、基金评价机构及多家主流媒体，共同启动"北京公募基金高质量发展系列活动"。活动以"新时代·新 基金·新价值——北京公募基金高质量发展在行动"为主题，旨在贯彻落实《推动公募基金高质量发展行 动方案》，进一步提升北京作为国家金融管理中心的引领作用，打造北京金融高质量发展新名片。 数字金融，筑牢智慧基石。工银瑞信持续加快数字化转型，积极打造公司自身的新质生产力。近年来加 快推进建设新一代资产管理平台MIRRORS（智镜），推进管理驾驶舱以及智能投研、智能营销、智能 风控、智能运营、智能办公等"一舱五平台"，提升数字化服务能力，为高质量发展注入强劲科技动能。 风险提示： 做好五篇大文章，推动金融高质量发展 金融是国民经济的血脉，中央金融工作会议提出，"为了提供高质量金融服务，金融系统要着力做好科 技金融、绿色金融、普惠金融、养老金融、数字金融五篇大文章"。擘画了以金融高质量发展助力国家 重大战略实施和强国建设的宏伟蓝图，指明了金融支持经济高质量发展的发力点，是新时代新 ...