Core Viewpoint - The pilot program for real estate trust property registration has expanded to five cities, including Tianjin, which joins Beijing, Shanghai, Guangzhou, and Xiamen, indicating a significant acceleration in the implementation of real estate trusts as a tool for asset management and elder care [1][2]. Group 1: Expansion of Pilot Cities - The pilot program for real estate trust property registration has been accelerated, with Tianjin becoming the fifth city to join after Beijing, Shanghai, Guangzhou, and Xiamen [2]. - The new regulations introduced in Tianjin include innovative mechanisms such as allowing trustees to purchase real estate, catering to diverse client needs and enhancing asset management capabilities [2][3]. Group 2: Addressing Elderly Care Issues - Real estate trusts are increasingly recognized for their potential to address elderly care challenges by unlocking existing assets to provide financial support for retirement [3][4]. - The registration process for real estate trusts has been clarified in pilot cities, facilitating the transfer of property into trusts and ensuring the protection of beneficiaries' rights [3]. Group 3: Service Chain Extension - The growing demand for elderly care services amid an aging population has prompted trust companies to explore innovative service models, enhancing asset utilization and efficiency [4][5]. - Companies like Aijian Trust are developing integrated solutions that combine real estate trusts with various elder care services, aiming to create a comprehensive support system for the elderly [5].

Core Viewpoint - The pilot program for real estate trust property registration has expanded to five cities, including Tianjin, indicating a significant move towards enhancing the application of real estate trusts, particularly in addressing pension needs amid an aging population [1][2][3]. Group 1: Expansion of Pilot Cities - The pilot program has accelerated, with Tianjin joining Beijing, Shanghai, Guangzhou, and Xiamen, increasing the total number of pilot cities to five [2]. - The new notification from Tianjin introduces innovative mechanisms, such as allowing trustees to purchase real estate, which caters to diverse client needs and enhances asset management capabilities [2][3]. Group 2: Addressing Pension Issues - Real estate trusts are gaining attention for their potential to address pension challenges, as they can activate existing assets to provide funding for elderly care [3][4]. - The registration process has been clarified in pilot cities, which helps in resolving ownership issues and ensures the protection of beneficiaries' rights [3][4]. Group 3: Service Chain Extension - The growing demand for elderly care services has prompted trust companies to explore innovative service models, which can lower costs and improve asset utilization [4][5]. - Companies like Aijian Trust are developing integrated solutions that combine real estate trusts with various elderly care services, aiming to enhance the quality of life for seniors [5].

Core Viewpoint - The 2025 Asia Brand Conference highlighted the inclusion of Fude Life Insurance in the "Asia's Top 500 Brands" list, reflecting its brand influence and social reputation growth over the years [1][6]. Group 1: Brand Recognition - Fude Life Insurance has been recognized for the 14th time in the "Asia's Top 500 Brands," showcasing its continuous improvement in brand value and comprehensive strength [1][6]. - The "Asia's Top 500 Brands" list evaluates over 2,000 well-known brands based on market share, brand loyalty, and leadership in Asia [6]. Group 2: Commitment to Financial Services - The company has maintained its commitment to "finance for the people," focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance [3]. - In the pension finance sector, Fude Life Insurance is innovating to address the challenges of an aging population, emphasizing a shift from home-based care to more professional and humanized services [3]. Group 3: Health and Welfare Initiatives - Fude Life Insurance has developed a comprehensive health service model called "Healthy Life," which integrates insurance protection, product promotion, health services, and cost management to meet diverse customer needs [3][5]. - The company has established a public welfare matrix focusing on children and the elderly through initiatives like the "Little Dolphin Plan" and "Silver Crane Plan," promoting social responsibility [4]. Group 4: Product and Service Innovation - The company emphasizes a "product + service" dual-engine model to meet diverse and lifelong customer protection needs, launching 41 new products in 2024 across various insurance categories [5]. - Fude Life Insurance has optimized its claims service with a new system that reduces average claim processing time to 1.16 days and case closure time to 0.42 days, enhancing service efficiency and quality [5]. Group 5: Future Aspirations - Fude Life Insurance aims to continue enhancing its core competitiveness and brand influence by focusing on product and service innovation, aligning with its vision of "Beautiful Life" and "Healthy Life" [6].

Core Viewpoint - The article emphasizes the urgent need for diversified and multi-layered elderly care insurance products in response to China's aging population, highlighting recent policy developments aimed at enhancing the insurance framework for elderly care institutions [1][5]. Group 1: Policy Developments - The Beijing Civil Affairs Bureau issued guidelines to improve comprehensive liability insurance for elderly care institutions, covering various liabilities such as accidental injury, legal fees, and third-party responsibilities [1][3]. - The implementation of these guidelines is seen as a move towards ensuring comprehensive insurance coverage for elderly care facilities, with similar initiatives reported in regions like Xinjiang, Hebei, and Shanghai [1][5]. Group 2: Insurance Products - Elderly care liability insurance is designed to compensate for economic liabilities incurred by care institutions due to accidents involving residents, including personal injury and legal costs [3]. - The development of long-term care insurance (LTCI) is crucial, especially as the population of elderly individuals requiring long-term care grows, with over 1.8 billion people expected to be insured by the end of 2024 [5]. Group 3: Challenges and Innovations - Despite advancements, LTCI faces challenges such as low coordination levels, inconsistent benefits, and insufficient coverage for rural areas and dementia patients [6]. - The market is witnessing innovations like dedicated commercial elderly insurance products and inclusive health insurance options that cater to the needs of the elderly population [8]. Group 4: Future Outlook - The Chinese government is pushing for the development of a robust elderly care financial system, emphasizing the need for innovation in pension insurance products and improved financial services for the elderly [8][9]. - Experts suggest leveraging financial technology to reconstruct the elderly care ecosystem, focusing on personalized asset allocation and integrating AI and big data for better service delivery [9].

Core Viewpoint - The article discusses the launch of a series of activities aimed at promoting the high-quality development of public funds in Beijing, emphasizing the importance of pension fund management in the context of an aging population and national financial strategies [1][2]. Group 1: Industry Initiatives - The Beijing Securities Regulatory Bureau, along with the Beijing Securities Association and various financial institutions, initiated the "Beijing Public Fund High-Quality Development Series Activities" to enhance the public fund sector [1]. - The 2023 Central Financial Work Conference highlighted the need for high-quality financial development, focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance [1]. Group 2: Company Actions - Yin Hua Fund has proactively engaged in personal pension business, aligning with national strategies to support a multi-pillar pension insurance system [1]. - The company has established a dedicated team to oversee the planning and implementation of personal pension services, aiming to provide long-term and stable investment options for retirees [2]. Group 3: Product and Service Innovations - Yin Hua Fund has launched pension-targeted funds with Y-class shares, catering to diverse age groups and risk preferences in pension investments [2]. - The company has pioneered a B2C model for personal pensions, collaborating with major state-owned enterprises to offer a "one-stop" service for pension investments [2]. - Yin Hua Fund is the first fund company to integrate into the electronic social security card's personal pension product purchase section, facilitating easier access for residents [2]. Group 4: Future Outlook - Yin Hua Fund plans to strengthen its research and investment capabilities, enhance cross-cycle asset allocation, and build a skilled workforce in pension management to contribute to the high-quality development of the pension system [2].

Core Insights - The aging population in China is driving the demand for diversified pension security, prompting the insurance industry to innovate products and services to meet the needs of the elderly and their families [1][3] Group 1: Policy Developments - The Beijing Civil Affairs Bureau issued guidelines to enhance comprehensive liability insurance for elderly care institutions, covering accidental injuries, legal fees, and third-party liabilities [1][2] - The implementation of these guidelines signifies a move towards ensuring comprehensive insurance coverage for elderly care facilities, with similar initiatives reported in regions like Xinjiang, Hebei, and Shanghai [1][2] Group 2: Insurance Products - Elderly care liability insurance compensates for economic liabilities incurred by care institutions due to accidents involving residents, covering personal injury, legal fees, and rescue costs [2] - The introduction of long-term care insurance (LTCI) is crucial as the number of elderly individuals requiring long-term care increases, with over 1.8 billion people expected to be insured by the end of 2024 [3] Group 3: Market Innovations - The market is seeing innovations such as dedicated commercial pension insurance and inclusive health insurance products that cater to the elderly, enhancing their financial security [4] - The People's Bank of China and other departments are promoting the development of pension insurance pillars and encouraging innovation in commercial annuity products to better serve the aging population [4] Group 4: Challenges and Recommendations - The pension finance system faces challenges such as disparities in basic pension benefits, low coverage of enterprise annuities, and complexity in third-pillar products [5] - Experts suggest leveraging financial technology to reconstruct the pension ecosystem, emphasizing the need for personalized asset allocation and a service platform that is both age-friendly and trustworthy [5]

江南时报讯 日前，2025深圳国际智慧养老产业博览会暨"兴业银行杯"首届深圳康养机器人大赛在 深圳会展中心（福田）开幕。展会以"科技赋能，激发银发经济新动能"为主题，设立七大特色展区，覆 盖智慧居家、智能服务机器人及康复辅具、智慧医疗等多个领域，让观众近距离、沉浸式感受科技重塑 老年生活的品质与内涵，展现出深圳正以科技赋能应对人口老龄化挑战，打造智慧养老产业高地。 作为首席融资顾问，兴业银行深圳分行为大会提供全流程专业咨询，并与深圳龙头养老国企、参赛企 业、参展养老企业和投融资机构建立广泛的合作对接，拓展养老产融生态圈，为服务深圳养老产业高质 量发展、加快养老产业资产投放奠定坚实基础，获得高度认可。 (欣仁) 作为国内养老金融先行者，兴业银行深耕养老金融领域已十余载。自2012年推出"安愉人生"综合服务方 案，该行持续发挥集团化优势，打造养老产业金融产品体系，加大对养老产业企业的支持力度，贯彻落 实服务银发经济的社会责任，谱写具有兴业特色的养老金融大文章。截至2025年6月末，该行已支持养 老设施建设、养老照护服务等多个重点领域典型项目，开立个人养老金账户超721万户，服务50岁以上 客户超2800万。 本届 ...

Core Viewpoint - Postal Savings Bank of China (PSBC) demonstrated resilience and steady growth in the first half of 2025, achieving a revenue of 179.446 billion yuan and a net profit of 49.415 billion yuan, both showing positive year-on-year growth despite industry challenges [4][10]. Financial Performance - PSBC's total assets and financial indicators reflect its unique operational resilience, with a net interest margin of 1.70%, maintaining industry leadership [4][5]. - As of June 2025, total customer loans reached 9.54 trillion yuan, a year-on-year increase of 6.99%, while deposits exceeded 16 trillion yuan, growing by 5.37% [5][6]. Asset and Liability Management - The bank's balanced asset-liability structure is attributed to long-term proactive management, with company loans increasing by 14.83% to 4.190 trillion yuan [6][7]. - PSBC has strengthened its core competitiveness in stable, low-cost, and diversified deposits, with corporate deposits rising by 13.86% [5][6]. Business Development Strategy - PSBC is focusing on balanced development across retail, corporate, and asset management sectors, moving away from reliance solely on retail banking [6][8]. - The bank's corporate finance segment has become a highlight, with significant growth in both loans and deposits [6][7]. Risk Management and Technology - PSBC emphasizes risk management and technology investment, enhancing its operational resilience through a comprehensive risk management system and digital transformation [7][8]. - The bank has improved its intelligent risk control capabilities and established a robust data asset foundation to support various business innovations [8][9]. Alignment with National Strategy - PSBC is actively promoting financial services that align with national strategies, focusing on serving agriculture, rural areas, and small enterprises, thereby enhancing its competitive edge [9][10]. - The bank has developed a multi-layered technology finance institution system to support high-growth enterprises [9]. Capital Strengthening - In the first half of 2025, PSBC completed a significant A-share private placement of 130 billion yuan, enhancing its capital adequacy ratios to 14.57% and 10.52% for total and core tier-one capital, respectively [10]. - The capital increase not only alleviates short-term pressures but also activates long-term potential for credit expansion and risk management [10].

Core Viewpoint - The accelerating aging process in China is driving the demand for diversified and multi-level pension security, prompting the insurance industry to innovate products and services to meet the needs of the elderly and their families in risk protection, wealth management, and health services [1][3]. Group 1: Policy Developments - The Beijing Municipal Civil Affairs Bureau issued the "Opinions on Further Improving Comprehensive Liability Insurance for Elderly Care Institutions," which includes coverage for accidental injury or death, legal fees, and third-party liability [1][3]. - The introduction of this policy signifies a move towards comprehensive insurance coverage for elderly care institutions, with similar initiatives being adopted in regions like Xinjiang, Hebei, and Shanghai to encourage insurance uptake through government subsidies [1][3]. Group 2: Insurance Product Innovations - The insurance industry is actively exploring both institutional and market-based commercial insurance solutions to cater to the elderly, with a focus on inclusive insurance offerings and innovative commercial products [1][5]. - Long-term care insurance (LTCI) is highlighted as a critical development, addressing the needs of the growing population of elderly individuals requiring long-term care due to disabilities or chronic conditions [5][6]. - As of 2024, over 180 million people are expected to be insured under LTCI, with more than 2 million individuals receiving care benefits [5]. Group 3: Challenges and Recommendations - Despite the progress in LTCI, challenges remain, including low coordination levels, inconsistent benefits, insufficient rural coverage, and inadequate inclusion of dementia patients [6]. - Experts suggest that China should carefully design a long-term care system that aligns with its national context, avoiding the simple transplantation of foreign models [6]. - Recommendations for improving LTCI include establishing a stable and diverse funding mechanism, enhancing the training and recognition of professional caregivers, and creating unified assessment standards [6]. Group 4: Market Trends and Financial Support - The market is witnessing a surge in innovative products such as exclusive commercial pension insurance and inclusive health insurance, which cater to the specific needs of the elderly [7]. - The People's Bank of China and other departments have emphasized the need to develop the three pillars of pension insurance and enhance the design and management of pension financial products to better serve the aging population [7][9]. - However, the pension financial system faces challenges such as disparities in basic pension benefits, low coverage of enterprise annuities, and complex third-pillar products with low participation rates [7][9]. Group 5: Future Outlook - The silver economy is expected to become a new engine for domestic demand, with a focus on both supply and demand sides to address the challenges posed by an aging population [9].

Core Insights - The aging population in China is driving the demand for diversified and multi-layered pension security, prompting the insurance industry to innovate products and services to meet the needs of the elderly and their families [1][2] Group 1: Policy Developments - The Beijing Municipal Civil Affairs Bureau issued guidelines to enhance comprehensive liability insurance for elderly care institutions, indicating a move towards ensuring that all potential risks are covered [1][2] - Other regions, including Xinjiang, Hebei, and Shanghai, have also released similar documents to encourage elderly care institutions to purchase liability insurance through government subsidies and policy guidance [1][2] Group 2: Insurance Product Innovations - The introduction of comprehensive liability insurance for elderly care institutions aims to cover various risks, including personal injury, legal fees, and third-party liabilities, thereby enhancing service quality and protecting the rights of residents [2] - Long-term care insurance (LTCI) is being gradually implemented across cities in China, with over 1.8 billion people expected to be insured by the end of 2024, addressing the needs of the elderly requiring long-term care [3] Group 3: Challenges and Recommendations - The LTCI system faces challenges such as low coordination levels, inconsistent benefits, and insufficient coverage for rural areas and dementia patients, necessitating a focus on ethical, cultural, and dignified care [3][4] - Experts suggest that China should design a sustainable LTCI framework tailored to its national context, rather than simply adopting foreign models [4] Group 4: Market Trends - The market for elderly financial products is expanding, with innovations such as dedicated commercial pension insurance and inclusive health insurance that cater to the needs of the elderly [5] - The People's Bank of China and other departments have emphasized the need to develop pension insurance pillars and enhance the design and management of pension financial products to better serve the aging population [5][6] Group 5: Future Outlook - The silver economy is expected to become a new engine for domestic demand, with a focus on both supply and demand sides to address the challenges posed by an aging society [6] - Financial technology is seen as a potential solution to restructure the elderly care ecosystem, enabling personalized asset allocation and improving service accessibility for the elderly [6]