当前，养老保险体系的第三支柱迎来了前所未有的发展机遇，其核心制度框架与试点产品持续精 进，"金融+养老"进入发展快车道。11月17日，广东省地方金融管理局发布《广东省推动养老金融高质 量发展的实施方案》（以下简称《实施方案》）。 广东省并非个例，近两年，陕西、江苏、河北等地金融监管部门已经就金融支持"老有所依"作出相关部 署。作为做好"养老金融"大文章的主力军，保险业是加快健全我国多层次多支柱养老保障体系的重要力 量。政策鼓励下，保险业如何紧跟政策导向和市场需求，积极打造多层次"保险+养老"服务模式？ 养老金融政策密集落地 引导长期资金布局养老产业 作为长期资本、耐心资本，保险资金具有长周期资金优势，与养老产业长周期相匹配。多地都提到，引 导保险资金为养老服务体系壮大提供长期资金支持。 如广东省发布的《实施方案》明确，引导保险资金通过股权、债券、基金、资产支持计划、保险资产管 理产品等多种形式，为养老服务运营主体、老年助餐服务机构提供资金支持。此前河北省发布的《关于 银行业保险业做好养老金融大文章的通知》也提到，推动"险资入冀"布局养老产业。在风险有效隔离的 基础上，支持保险机构以适当方式参与养老服务体系建设 ...

转自：证券时报 人民财讯11月18日电，11月18日，在东方财富证券2026年度策略会上，东方财富首席科学家、AI总监曹 巍表示，AI将重塑财富管理行业生态，将原本零散的用户信号、基础画像、操作路径、持仓与交易偏 好、以及近期关注与情绪脉络，融成一个不断迭代的认知闭环，形成"用得越久越懂你、越懂你越常 用"的飞轮效应。此外，跨行业AI协作更将延伸至养老金融领域，通过医疗看护与财富管理智能体联 动，实现全天候实时陪伴与动态资产配置，让"私人AI财富管家"成为可能，推动行业从标准化服务迈向 深度定制化的长期陪伴模式。 ...

Core Viewpoint - The article highlights the significant achievements and contributions of Jiujiang Bank over the past 25 years, emphasizing its commitment to serving the local economy and community while integrating party leadership into its governance and operations [1][3][4]. Group 1: Party Leadership and Governance - Jiujiang Bank has integrated party leadership into all aspects of its governance and operations, establishing a model that transforms party advantages into developmental advantages, resulting in a total asset exceeding 500 billion yuan and recognition as a medium-sized commercial bank [3]. - The bank has consistently ranked among the "Global Top 500 Banks" and "Top 100 Enterprises in Jiangxi" for several years, reflecting its robust governance and operational performance [3]. Group 2: Service to Local Development - As a local bank, Jiujiang Bank prioritizes serving local development, aligning its operations with provincial strategies and focusing on key industries and projects to support rural revitalization and urban-rural integration [4]. - By the end of October, the bank's loan balance in Jiangxi reached 279.21 billion yuan, accounting for 87.21% of its total loans, demonstrating its commitment to channeling financial resources towards local needs [4]. Group 3: Financial Inclusion and Community Support - Jiujiang Bank has maintained its "people's finance" ethos, focusing on customer-centric services and community contributions, which has led to the establishment of a comprehensive financial service network across the province [4][5]. - The bank has contributed over 1 billion yuan in taxes for 11 consecutive years and has been recognized as the top taxpayer among local enterprises in Jiujiang for 12 years [4]. Group 4: Support for the Real Economy - The bank has developed innovative financial solutions to address the financing challenges faced by local industries, such as the "inventory pledge + supply chain finance" model, which has successfully provided loans to businesses like Jiangxi Shengtong New Materials Co., Ltd [7]. - Jiujiang Bank has established a comprehensive service platform for industrial finance, facilitating transactions worth 252.6 billion yuan by the end of October, effectively addressing financing difficulties for small and medium-sized enterprises [7][8]. Group 5: Focus on Small and Micro Enterprises - The bank has implemented various initiatives to support small and micro enterprises, including a credit issuance of over 14 billion yuan to more than 8,000 small businesses, and has reduced fees by 874 million yuan since 2024 [10]. - Jiujiang Bank has also launched specialized financial products to meet the diverse needs of small businesses and individual entrepreneurs, enhancing their access to financial resources [9][10]. Group 6: Commitment to Sustainable Development - The bank has established a green finance department and developed multiple green financial products, achieving a green loan balance of 44.697 billion yuan, which increased by 16.13% since the beginning of the year [12]. - Jiujiang Bank has actively participated in green finance initiatives and has been recognized for its contributions to sustainable development, including the issuance of green financial bonds [12]. Group 7: Social Responsibility and Community Engagement - The bank has launched initiatives to support new employment groups and enhance financial literacy, providing various services to improve community welfare [13][14]. - Jiujiang Bank has been involved in numerous charitable activities, establishing a foundation and receiving multiple awards for its social responsibility efforts [15].

Core Viewpoint - Guangdong Province has launched its first dedicated policy for pension finance, aiming to establish a modern pension finance system that aligns with the region's demographic, industrial, and financial structures [1][2]. Group 1: Implementation Goals - The implementation plan outlines two phases: by 2028, the pension finance supply system will be largely improved, and by the end of the 14th Five-Year Plan, financial support for pension fund utilization will be more mature and stable [2][3]. - Guangdong faces dual pressures from an aging population and increasing demand for pension services, but it also has a strong financial market and high capital supply capabilities [2][4]. Group 2: Product and Service Development - The plan includes measures to enhance the pension finance product system, such as establishing pension finance departments in banks and improving service channels for the elderly [3][4]. - Financial institutions are encouraged to innovate pension products, including long-term care insurance and specialized financial products for personal pensions [3][5]. Group 3: Financial Support for Pension Services - A "white list" mechanism for pension institutions and enterprises will be established to guide financial resources towards compliant and stable pension projects [4][5]. - Various financial tools, including loans, bonds, and asset securitization, will be utilized to promote the development of standardized and large-scale pension facilities [4][6]. Group 4: Rural and Cross-Border Pension Services - The plan emphasizes financial support for home-based and community elderly care services, particularly in rural areas, and encourages the development of inclusive financial products for these services [5][6]. - Cross-border pension finance cooperation is highlighted as a strategic focus, with plans to support cities like Guangzhou in becoming pension finance demonstration cities [5][6]. Group 5: Risk Management and Policy Implementation - A comprehensive risk prevention mechanism will be embedded in the pension finance process, including consumer protection and financial literacy education for the elderly [6]. - The plan establishes a collaborative mechanism for policy implementation, with a focus on creating replicable models for pension finance development across the province [6].

Market Overview - Major indices closed lower on Monday, with a trading volume of 1.93 trillion, a decrease of approximately 50 billion from the previous trading day[1] - The market showed a weak trend, with the Shanghai Composite Index down 0.46%, the Shenzhen Component down 0.11%, and the ChiNext Index down 0.2%[3] - Defensive sectors like banking, coal, and oil saw gains, while TMT sectors continued to adjust, indicating a lack of clear market direction[1] Industry Insights - Huawei is set to release breakthrough AI technology that could increase the utilization rate of computing resources from an industry average of 30%-40% to 70%[1] - The domestic water-saving industry market is estimated to exceed 760 billion, supported by the development of multiple water-saving industrial parks[9] Financial Data - From January to October, the national general public budget revenue reached 186,490 billion, a year-on-year increase of 0.8%[4] - The new fund issuance scale has surpassed 1 trillion this year, with a total of 1,377 new funds established, amounting to 995.977 billion[13]

（原标题：21专访｜北大汇丰马琳琳：深圳应强化"创新试验田"角色） 21世纪经济报道记者 雷若馨 深圳报道 2025年，诺贝尔经济学奖回归对"创新驱动增长"的本源问题、"十五五"规划建议落子"提高资本市场制 度包容性"。如今的金融钥匙，究竟要打开怎样的一把锁？ 而解开这道题的关键，在于读懂金融如何从服务"已知"转向发现"未知"。 "深圳最大的创新，在于构建了一个'把不确定性资本化'的制度生态。"近日，在接受21世纪经济报道记 者采访时，北京大学汇丰金融研究院副院长马琳琳指出。 她长期从事机构投资者行为研究，主要方向包括共同基金、对冲基金运作机制及行为金融学理论。同 时，其研究团队持续关注养老金融领域，为应对人口老龄化提供理论支持。 在马琳琳看来，"提高资本市场制度包容性"的核心是引导资本从"短期博弈"的投机游戏中离开，转 向"长期发现"价值的新赛场。她从机构投资者行为调整的三大趋势谈起，系统阐释了如何通过制度之渠 将流动性引向"五篇大文章"的广阔领域。 此外，她还一语道破了"五篇大文章"中养老金融本质：它既是居民未来的"每月可领"，也是国家未来 的"长期耐心资本"。 马琳琳：引导的话，其实国家已经在做。修渠引 ...

该产品的拟任基金经理赵强于2022年加入富达，拥有十多年投资管理经验，尤其擅长从全球视野深入把 握宏观环境进行资产配置。他同时也是富达基金多元资产部负责人、养老投资业务负责人，以及富达在 中国市场的首只FOF——富达任远稳健三个月持有混合型基金中基金的基金经理。 赵强表示："我们此次推出的养老FOF，其业绩比较基准中包含了恒生、标普500和黄金等全球资产，是 目前市场上首只在基准中包含海外市场指数的养老FOF基金。这一设计不仅体现了我们对全球资产配置 的前瞻性思考，更旨在通过全球多元布局，为国内养老人群提供更具韧性的投资组合。同时，该基金背 后还有来自富达全球研究网络、养老投资顾问郑任远先生，以及人工智能和金融科技团队的协作和支 持，助力我们更好地服务于中国投资者的养老需求。" 富达基金管理(中国)有限公司总经理孙晨表示："养老是关乎国计民生的重要事业，也是富达尤其能贡 献价值的领域之一，更是我们在中国的长期战略核心支柱。此次养老FOF的推出，标志着我们在中国养 老金融领域迈出了坚实的一步，借此，我们能够把富达在养老投资领域的国际经验及产品布局有序地引 入并落地中国市场，逐步为中国投资者打造覆盖全生命周期的养 ...

NO.1国家外汇局副局长李斌：10月以来我国外汇市场继续保持稳健运行态势 11月17日，国家外汇管理局副局长、新闻发言人李斌就2025年10月外汇市场形势回答了记者提问。李斌 表示，10月以来，国际金融市场波动性有所上升，美元指数总体上行。我国外汇市场继续保持稳健运行 态势。一是外汇市场供求基本平衡。10月，银行结售汇顺差177亿美元，环比有所收窄，结售汇更加平 衡。企业等主体根据实际需求有序开展结汇和购汇交易，结汇率和售汇率与前9个月月均水平基本相 当。二是跨境资金流动保持稳定。受国庆、中秋假期因素等影响，9月企业、个人等非银行部门跨境资 金小幅净流出，10月跨境资金净流入增多，综合两个月情况看跨境收支月均顺差为240亿美元。 点评：我国外汇市场保持稳健运行表明，尽管国际金融市场波动性有所上升，但我国外汇市场依旧展现 出较强的韧性。这表明中国经济与外汇政策具有较高的稳定性，能够有效应对环境变化。 NO.4金价居高不下，黄金消费现新趋势 近期，国际金价高位震荡，国内首饰金价格也居高不下，不少品牌黄金珠宝商足金饰品报价突破1300 元/克大关，回收价则突破900元/克大关。在此背景下，黄金消费出现新趋势，轻克重 ...

在推动高质量发展的新征程中，作为国民经济的血脉，金融业正肩负着时代所赋予的新的历史使命。 2025年3月，国务院办公厅发布《关于做好金融"五篇大文章"的指导意见》要求，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，普惠金融体系持续完善，养老金融产品和服务更加丰富。 勇担金融新使命，以"价值创造"服务高质量发展，已成为优秀金融机构的自觉行动。 在养老金体系服务上，建设银行青岛市分行积极发挥自身优势，高效完成岛城养老金代发工作，并为企 业年金、职业年金基金提供安全、专业的托管服务，守护好百姓的"养老钱"。在产品创新上，推出专为 老年人设计的"安享"系列理财，强调稳健、低波动的特性，缓解家庭照护压力与经济负担。 持续推动线上线下适老化改造，成为建设银行青岛市分行养老金融高质量发展的亮点举措。首先，推广 网点老年客户"服务双轨机制"，引导网点员工既要"懂技术"，更要"懂客户"，让暖心服务成为连接老年 客户跨越"数字鸿沟"的桥梁。针对部分老年客户对电子账单不信任的问题，推出"电子+纸质"双轨服 务；针对老年客户对智能设备不熟悉、特殊需求超 ...

Core Viewpoint - The article highlights the achievements and strategic initiatives of Jiujiang Bank over the past 25 years, emphasizing its commitment to serving the local economy and community through innovative financial services and strong governance [3][4][5]. Group 1: Achievements and Growth - Jiujiang Bank has grown its total assets to over 500 billion yuan, positioning itself among medium-sized commercial banks and consistently ranking in the "Global Top 500 Banks" and "Top 100 Enterprises in Jiangxi" [3]. - The bank has maintained a loan balance of 279.21 billion yuan within Jiangxi province, accounting for 87.21% of its total loans, demonstrating a strong focus on local financial support [4]. - Over the past 11 years, the bank has paid over 1 billion yuan in taxes annually, contributing significantly to the regional economy [4]. Group 2: Service to Local Economy - Jiujiang Bank has actively supported local development by aligning its services with provincial strategies, focusing on key industries and projects, and enhancing rural revitalization efforts [4][6]. - The bank has implemented innovative financing solutions, such as the "inventory pledge + supply chain finance" model, to address the financing challenges faced by local enterprises [7]. - The bank has established a comprehensive service platform for industry finance, facilitating transactions worth 252.6 billion yuan to support small and medium-sized enterprises [7][8]. Group 3: Financial Inclusion and Support for Small Enterprises - Jiujiang Bank has prioritized financial services for small and micro enterprises, providing over 14 billion yuan in credit to more than 8,000 small businesses [9]. - The bank has introduced various financial products to meet the diverse needs of customers, including tailored solutions for different industry sectors [8][9]. - The bank has also reduced fees for various market participants, saving them 874 million yuan in financing costs since 2024 [9]. Group 4: Commitment to Innovation and Sustainability - The bank has launched a range of financial products focused on technology and green finance, with technology loans reaching 44.706 billion yuan, a growth of 11.75% year-to-date [12]. - Jiujiang Bank has established a green finance department and introduced several green financial products, achieving a green loan balance of 44.697 billion yuan, up 16.13% from the beginning of the year [12]. - The bank has successfully issued 4 billion yuan in green financial bonds and has been recognized for its contributions to green finance [13]. Group 5: Community Engagement and Social Responsibility - Jiujiang Bank has launched initiatives to support new employment groups, providing various community services and financial education [14]. - The bank has developed an elderly-friendly banking service and has been recognized for its efforts in consumer rights protection [15]. - The bank actively participates in charitable activities, establishing a foundation and receiving multiple awards for its social responsibility efforts [15]. Group 6: Future Directions - Looking ahead, Jiujiang Bank aims to continue its strategic focus on quality development, leveraging technology and talent to enhance its service offerings and contribute to the modernization of Jiangxi [16].