Core Insights - The personal pension system has been operational for over two years since its pilot launch in November 2022, transitioning from multiple city trials to a nationwide rollout [1] - By April 2025, the expanded personal pension fund products will deliver their first quarterly report, indicating significant growth in the sector [1] Fund Growth - As of March 31, the total number of public Y-share funds in personal pensions has increased from 9.143 billion to 11.39 billion, surpassing the 10 billion mark [1] - The introduction of new index funds alongside existing FOF funds has enhanced the "value-added effect" for personal pensions [1]

2025.04. 29 本文字数：1259，阅读时长大约2分钟 封面图 | AI配图 4月29日，澎湃新闻从人社部获悉，在社会保障工作方面，人社部将持续深化改革，包括稳妥推进延迟法定退休年龄改革、制定提前领取个人养老金相关 办法、扩大职业伤害保障试点等。 社保经办服务进一步优化。人社部印发健全全国统一的社会保险公共服务平台的意见，推动提升社保公共服务能力和便民化水平。自4月1日起，在全部 地级市组织开展工伤保险跨省异地就医直接结算。举办12333统一咨询日活动。探索社会保障卡在交通出行领域的应用场景，天津市创新开展社会保障卡 加载中铁银通应用试点，实现在京津城际铁路8个站点刷卡乘车。截至3月底，全国社会保障卡持卡人数13.9亿人，覆盖98.9%人口，电子社保卡领用人数 10.9亿人，功能拓展到就医购药、交通出行、文化旅游、惠民惠农财政补贴资金发放等领域，社保卡覆盖更广泛、场景更丰富、功能更多元，大大拓宽了 百姓便利生活的边界。 下一步，人社部将做好以下社会保障工作：一是持续深化改革。稳妥推进延迟法定退休年龄改革，及时完善配套措施。研究完善适应灵活就业人员、农民 工、新业态从业人员特点的参保缴费办法。进一步扩大 ...

Core Insights - The Ministry of Human Resources and Social Security reported steady progress in social insurance and pension reforms in the first quarter of 2025, with significant increases in the number of insured individuals across various insurance schemes [1][2]. Group 1: Social Insurance Participation - As of March 2025, the number of participants in basic pension, unemployment, and work injury insurance reached 1.071 billion, 244 million, and 297 million respectively, showing year-on-year increases of 4.42 million, 2.56 million, and 2.71 million [1]. - The total revenue from the three social insurance funds in the first quarter was 2.36 trillion yuan, while total expenditures amounted to 1.94 trillion yuan, resulting in a cumulative balance of 9.6 trillion yuan by the end of March [1]. Group 2: Reform Implementation - The implementation of the delayed retirement age reform is proceeding smoothly, with national coordination of basic pension insurance being effectively advanced [1][2]. - The personal pension system has expanded from 36 pilot cities to nationwide implementation, with 85 index fund products added to the product catalog, enhancing the system's attractiveness [1][2]. Group 3: Social Security Support and Benefits - In the first quarter, 826,000 low-income individuals received assistance with their urban and rural resident pension insurance premiums, and unemployment insurance benefits totaling 36.54 billion yuan were disbursed [1][2]. Group 4: Fund Management and Investment - The entrusted investment scale of the national basic pension insurance fund reached 2.4 trillion yuan by the end of March 2025, with ongoing efforts to enhance fund management and security [2][3]. Group 5: Service Optimization - A unified national social insurance public service platform is being developed to improve service capabilities, with initiatives such as direct settlement for work injury insurance across provinces starting from April 1 [2]. - By the end of March, the number of social security cardholders reached 1.39 billion, covering 98.9% of the population, with electronic social security cards being utilized in various sectors [2].

Core Viewpoint - The personal pension system in China has evolved over three years from a pilot program to a nationwide initiative, playing a crucial role in building a multi-tiered pension security system and providing supplementary support for the elderly while also serving as a significant source of long-term capital for the market [1][2]. Group 1: Development Achievements - As of November 2024, over 72 million people have participated in the personal pension program, with more than a thousand pension products available, establishing a preliminary multi-tiered pension system [2]. - The first batch of personal pension funds has seen significant growth, with the total scale of 288 personal pension fund Y shares exceeding 10 billion yuan by the first quarter of 2025 [2]. - The personal pension system has proven to align with China's national conditions, with a complete policy framework and effective implementation, leading to continuous growth in participation and product diversity [2][3]. Group 2: Economic Impact - The implementation of the personal pension system enhances the pension security framework, addressing the challenges of an aging population and contributing to a more comprehensive multi-tiered pension system [3]. - It increases residents' retirement income, allowing individuals to accumulate additional funds beyond basic pensions and enterprise annuities, thereby improving post-retirement living standards [3]. - The introduction of personal pensions into the capital market promotes the development of financial products and services, fostering innovation within the financial sector [3][4]. Group 3: Market Dynamics - Personal pensions introduce long-term stable capital into the market, which can optimize market structure and reduce volatility [4][5]. - The tax incentives associated with personal pension accounts help alleviate individual burdens, while the variety of investment products allows for flexible personal investment planning [5]. - Financial institutions are presented with significant opportunities in the personal pension sector, necessitating higher alignment in strategies, products, and services to meet long-term pension needs [5].

退税辅导活动现场，市民谢先生表示，平时就有理财的规划，特别是这种长期投资类的产品，长期投资 利益还是比较可观的，风险也更低。在社保工作人员的指导下，能退几千块钱，希望未来能适当提高 1.2万元的缴存上限。 自2024年12月15日起，个人养老金制度从36个先行城市（地区）推广至全国，全面实施后深圳市民反响 热烈，截至3月底，深圳市个人养老金开户数已达520.18万户，居全省首位。个人养老金全面实施后， 可供选择的产品更加多样，将国债纳入产品范围，特定养老储蓄、指数基金纳入个人养老金产品目录。 此外，领取情形亦有所增加，参加人患重大疾病、领取失业保险金达到一定条件或者正在领取最低生活 保障金的，也可申请提前领取个人养老金。 据了解，本次专项行动将持续至6月底，社保部门将通过多种渠道、多种方式将退税辅导送到群众家门 口,让更多市民便捷享受"养老有保障、税惠看得见"的政策红利。 （文章来源：南方都市报） "购买个人养老金不仅存下养老钱，还能享受退税优惠，真是双重福利！"市民王先生近日通过社保部门 开展的个人养老金辅导退税行动现场成功办理退税。为推进个人养老金制度全面落地，深圳市社保局自 3月起，在全市范围内开展个人 ...

Core Insights - The aging population in China has led to increased focus on pension issues, with government reports emphasizing the development of a third pillar pension insurance and personal pension systems to address these challenges [1][2] - The introduction of personal pension systems is seen as a significant step in building a multi-tiered pension framework, with various financial products being included to enhance the offerings [3][4] Policy Developments - The Chinese government has issued multiple policy documents to promote the development of pension finance, including the Central Financial Work Conference's emphasis on various financial sectors, including pension finance [1] - A notification from the Ministry of Human Resources and Social Security outlines the implementation of the personal pension system starting December 15, 2024, allowing all workers participating in basic pension insurance to enroll [2] Product Offerings - The number of personal pension products in China has exceeded 960, with insurance products accounting for nearly 20% of this total, indicating a growing market for pension-related financial products [3] - Taiping Life has introduced 12 products into the personal pension insurance list, including the newly launched "Taiping Huise Bao Whole Life Insurance (Dividend Type)," which aims to provide a comprehensive pension product system [3][4] Tax Incentives - The personal pension system adopts an EET tax model, which offers tax exemptions during the contribution and investment phases, with a flat 3% tax rate applied upon withdrawal, potentially reducing the overall tax burden for individuals [5][6] - Tax-advantaged personal pensions are viewed as a significant compliance tool for taxpayers, providing a legal avenue for tax savings and encouraging better financial planning for retirement [5][6] Market Trends - Dividend-type products are becoming a key focus for insurance companies, with Taiping Life emphasizing the importance of risk-sharing and benefit-sharing between clients and insurers [7][8] - The long-term investment strategy of Taiping Life aligns with the core demand for stable pension reserves, leveraging the company's strengths in long-term, stable investments in critical sectors like infrastructure and renewable energy [8]

证券研究报告·行业深度 养老金融 2024 年 4 季度跟踪 报告 核心观点 此次养老金融季度跟踪报告要点：一是随着个人养老金制度 从 36 个先行城市推广至全国，24Q4 末个人养老金基金规模和个 人养老金理财累计销售规模分别同比+51.7%、+373.7%。二是指 数基金纳入个人养老金产品目录后，24Q4 末个人养老金基金产 品数量同比+59.2%、环比+43.9%。三是《关于推动中长期资金入 市工作的实施方案》发布，提出稳步提升社保基金股票类资产投 资比例，细化明确社保基金五年以上、基本养老保险基金投资运 营三年以上长周期考核机制，加快出台企（职）业年金基金三年 以上长周期考核指导意见；支持具备条件的用人单位探索放开企 业年金个人投资选择，鼓励企业年金基金管理人开展差异化投 资。 摘要 本期报告的核心数据如下： 第一支柱：截至 24Q4，基本养老保险基金委托投资规模为 2.3 万亿元，同比+23.7%，环比+21.1%。 第三支柱：截至 24Q4，个人养老金基金产品规模为 91 亿 元，同比+51.7%，环比+24.5%；单四季度，个人养老金基金的 规模加权平均收益率（非年化）同比+3.01pct 至- ...

券商中国记者了解到，2025年全国两会期间，全国人大代表、东方财富董事长其实带来了两份建议。 从内容来看，其实今年依然密切关注大模型发展，他建议加快推动大模型应用创新，尤其是AI Agent（智能体）的发展。他提出三大建议，一是加快推动模型落地 服务商的培育；二是加快推进多元场景与数据的开放；三是加快推进关键行业、重点环节的标准供给。 推动AI Agent真正赋能千行百业 其实指出，随着大模型应用的纵深推进，AI Agent正逐渐成为技术演进的新趋势和大模型应用的主流范式。不同于简单的聊天对话，AI Agent可以基于大模型提供 的推理能力，理解任务指令、拆解任务目标、创建执行计划，并调用搜索引擎、数据库、行业软件等外部工具，完成更加复杂的任务。 其实介绍称，AI Agent极大地拓展了基础模型的应用范围和能力边界，让大模型不再被局限于对话框，也能够深入各类业务场景，真正赋能千行百业。业内对于AI Agent的发展寄予厚望，认为未来的AI Agent不仅能够根据要求完成任务，还可以自动进行规划和反思，甚至根据环境变化主动提出建议，在C端成为新的超级入 口，在B端替代传统信息系统，彻底颠覆软件行业。 但受限于大 ...

0.99元起购36元支何立流量 A 有问必答 交 了社保,为什么还要 投资个人养老金: 享顧优 个人养老金是政府政策支持、个人自愿参加、市场 化运营、实现养老保险补充功能的制度，助力提升 个人养老品质。 一笔投资,多重优惠 最高省税5400元 1 缴存对应金额税前抵扣 投资收益暂不征税 领取时仅按金额的3%纳税 费率更优惠 相比于A份额 基本养老保险 Y份额享管理费、托管费5折 政府主导建立 目不收取销售服务费 从税、费两端降低投资成本,提高实际收益水平! 美衫结遇| 普通人 普通人可以通过第三支柱"个人养老金"账户，为 自己早做准备! ▼ 个人账户累计，个人专享! ¥ | 享税收优惠，最高省税5400元/年1 通过账户投资力争抵御通胀，实现长期增值! ● 去开户!拥有专属个人养老金账户。 个人养老金专属产品 扫描下方二维码立即开户,并有机会享以下权益。 缴存有礼 最高享88元奖励 进阶有礼 最高享568元奖励 ◇ A 推荐有礼 每月最高可享600元奖励 t 客群专属礼 缴存达标还可享20元奖励 ✪ ┣ 积极策略 建信优享进取五年FOF Y 去试试 [020188] [中风险] [建行代销] 兴全安泰积极养老 ...

缴存最高可领656元权益! with Alamana Linesen Linesen Linesen Linesena Linerange S 2024年12月12日，人力资源社会保障部等 五部门发布 《关于全面实施个人养老金制度 的通知》，自2024年12月15日起个人养老 金制度从36个先行试点城市(地区) 推开至 AF == == 0 扫描下方二维码 开通建行个人养老金资金账户 载存有礼下 最高享88元奖励 送的行材 C最高享568元奖励 每月最高可享 推荐有礼 · 600元奖励 缴存达标还可享 客群美肩剂（ 20元奖励 活动奖品数量有限，领完即止 活动时间详见活动页面 若我们每年年初投资12000元 在不同年化收益下 连续定投不同期限的本息合计如下图 累计本息合计 单位: 万元 250 217.13 200 146.82 150 129.82 100 94.75 75.60 83.71 59.31 60.14 41.66 50 0 20年 25年 30年 基金年收益率5% ● 基金年收益率8% ● 基金年收益率10% 注:计算收益不考虑费率时间递延、未来货币价值等问题。 测算仅基于给定的一系列假设条件 ...