Core Viewpoint - The Financial Regulatory Bureau has issued a notice to promote the sustainable and healthy development of pension financial products, emphasizing the expansion of pilot programs and the enhancement of product design and risk management [1][2]. Summary by Relevant Sections Expansion of Pilot Programs - The pilot areas for pension financial products will be expanded nationwide with a trial period of three years [2]. - Financial companies participating in the pilot must meet specific regulatory requirements, including being operational for at least three years and demonstrating strong long-term investment and risk management capabilities [2]. Product Design and Features - Companies are encouraged to issue long-term pension financial products with maturities of over 10 years or minimum holding periods of over 5 years [3]. - The notice supports flexible design in purchasing, redeeming, and dividend distribution of pension products to better match individual investor needs [3]. Liquidity and Risk Management - The establishment of mechanisms for the transfer and pledge of pension financial products is encouraged to meet liquidity needs in cases of major illness [4]. - Companies must ensure that the transfer and pledge services operate smoothly while maintaining investor rights [4]. Diverse Financial Services - Companies are supported in opening pension financial accounts for investors to track their holdings and provide advisory services [6]. - The notice emphasizes the importance of long-term investment philosophies and the establishment of a long-term assessment mechanism for investment personnel [6]. Support for the Pension Industry - Financial companies are encouraged to invest in high-quality long-term assets that align with pension characteristics and to participate in major national projects [7]. - Collaboration with other licensed asset management institutions is promoted to enhance service delivery to the pension industry [7]. Sales and Disclosure Standards - Strict standards for the sales of pension financial products are mandated, ensuring that performance benchmarks and risk-return profiles are thoroughly evaluated [8]. - The notice calls for optimization of product valuation rules to protect investor rights while ensuring compliance with accounting standards [8].

在试点扩围的基础上，本次《通知》还要求机构不断完善养老理财产品设计、探索提供多样化养老金融 服务。具体来看，《通知》要求丰富养老理财产品形态，鼓励试点理财公司发行10年期以上，或者最短 持有期5年以上等长期限养老理财产品。支持试点机构依法在养老理财产品购买、赎回、分红等方面进 行灵活设计，更好匹配投资者个性化养老需求。 同时，支持试点理财公司为每位投资者开立养老理财账户，记载投资者持有养老理财产品份额及其变动 情况，协助投资者做好养老资金储备和规划。支持试点理财公司按照法律法规和合同约定为投资者提供 养老理财顾问咨询服务，但应履行投资者适当性管理义务，并做好利益冲突防控工作。支持理财公司投 资与养老特征相匹配的长期优质资产，加大对健康产业、养老产业和银发经济的支持力度。 （原标题：养老理财业务试点扩至全国 鼓励机构发行10年期以上产品） 10月30日，金融监管总局发布了《关于促进养老理财业务持续健康发展的通知》，明确稳养老理财产品 试点地区扩至全国，试点期限为三年。试点机构扩大至符合开业满三年、经营管理审慎等条件的理财公 司。试点额度提高至各试点机构上年末净资本扣除风险资本后余额的五倍，金融监管总局可以根据审 ...

下一步，金融监管总局将加强督促指导，抓好《通知》贯彻落实工作，推动理财公司做好养老金融大文章，满足人民群众 多样化养老需求，助力银发经济高质量发展，确保党中央国务院相关决策部署落到实处。 详情点击如下链接：国家金融监督管理总局办公厅关于促进养老理财业务持续健康发展的通知 《通知》提出，稳步扩大养老理财产品试点。自《通知》印发之日起，养老理财产品试点地区扩大至全国，试点期限三 年。试点机构扩大至符合开业满三年、经营管理审慎等条件的理财公司。试点额度提高至各试点机构上年末净资本扣除风险资 本后余额的五倍，金融监管总局可以根据审慎监管原则进行调整。 《通知》明确，坚持投资于物和投资于人紧密结合。支持理财公司投资与养老特征相匹配的长期优质资产，加大对健康产 业、养老产业和银发经济的支持力度。支持理财公司完善养老理财产品设计，丰富产品形态，为投资者提供养老理财账户、养 老理财顾问咨询、信息查询等多样化养老金融服务。支持理财公司在风险可控前提下，综合考虑养老理财产品所投资资产的风 险收益特征与投资者的风险偏好，实现经济效益与社会效益相统一。 《通知》强调，压实理财公司风险防控主体责任。在产品端，加强产品信息披露和风险提示 ...

新华社北京10月30日电（记者张千千、李延霞）金融监管总局10月30日对外发布关于促进养老理财 业务持续健康发展的通知，明确将稳步扩大养老理财产品试点，自通知印发之日起，养老理财产品试点 地区扩大至全国，试点期限三年。 通知指出，积极支持养老产业发展。支持理财公司投资与养老特征相匹配的长期优质资产，通过适 当方式参与投资国家重大工程和重大项目建设，加大对健康产业、养老产业和银发经济的支持力度。支 持理财公司在风险可控前提下，综合考虑养老理财产品所投资资产的风险收益特征与投资者的风险偏 好，实现经济效益与社会效益相统一。支持理财公司在坚守职能定位、依法合规的前提下，以债券、股 票、非标准化债权类资产和衍生品等多种方式投资养老领域资产。 此外，通知提出健全长期考核机制。理财公司应当坚持长期投资、价值投资理念，建立健全长期考 核机制，将投资者长期投资收益等纳入投资人员和销售人员考核评价和薪酬体系，不得单一使用当期收 益、短期收益或规模排名等评价标准。 【纠错】 【责任编辑:焦鹏】 通知提出，不断完善养老理财产品设计，鼓励试点理财公司发行10年期以上，或者最短持有期5年 以上等长期限养老理财产品。支持试点理财公司依法 ...

海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 中國光大銀行股份有限公司 中國光大銀行股份有限公司 China Everbright Bank Company Limited China Everbright Bank Company Limited （於中華人民共和國註冊成立的股份有限公司） （於中華人民共和國註冊成立的股份有限公司） （股份代號：6818） （股份代號：6818） 茲載列中國光大銀行股份有限公司在上海證券交易所網站刊登的《中國光大銀行股份有限 公司2025年第三季度報告（A股）》，僅供參閱。 中國光大銀行股份有限公司 董事會 中國 • 北京 2025年10月30日 於本公告日期，本公司執行董事為郝成先生、齊曄女士及楊兵兵先生；非執行董事為 吳利軍先生、崔勇先生、曲亮先生、朱文輝先生、姚威先生、張銘文先生及李巍先生； 以及獨立非執行董事為邵瑞慶 ...

Core Viewpoint - Jiangsu Bank has made significant progress in its high-quality development journey by focusing on a stable risk control system, simultaneous growth in scale and efficiency, and innovative management practices [1] Financial Performance - For the third quarter of 2025, Jiangsu Bank reported operating income of 67.183 billion yuan, a year-on-year increase of 7.83%, and net profit attributable to shareholders of 30.583 billion yuan, up 8.32% year-on-year [3] - The annualized ROE was 15.87% and annualized ROA was 0.96%, with a non-performing loan ratio of 0.84%, marking a historical low [3] - The bank's risk coverage ratio stood at 322.62%, indicating strong risk mitigation capabilities [3] Revenue Composition - Jiangsu Bank achieved net interest income of 49.868 billion yuan, a year-on-year increase of 19.61%, and fee and commission income of 5.421 billion yuan, up 7.88% [4] - The bank's total assets reached 4.93 trillion yuan, with loan balances of 2.47 trillion yuan (up 17.87% year-to-date) and deposit balances of 2.54 trillion yuan (up 20.22% year-to-date) [4] Corporate Lending Growth - As of September, corporate loan balances reached 1.6641 trillion yuan, a year-on-year increase of 26.26%, while corporate deposit balances were 1.4028 trillion yuan, up 20.75% [7] - Jiangsu Bank is committed to enhancing financial services in key areas such as technology, green finance, and inclusive finance [8] Retail Banking Development - Jiangsu Bank's retail assets under management (AUM) surpassed 1.6 trillion yuan, with an increase of nearly 200 billion yuan, leading among city commercial banks [11] - The bank's subsidiary, Su Yin Wealth Management, has assets exceeding 800 billion yuan, maintaining its position as the top wealth management subsidiary among city commercial banks [11] Asset Quality and Risk Management - Jiangsu Bank's non-performing loan ratio was 0.84%, down 0.05 percentage points from the beginning of the year, reflecting a consistent improvement in asset quality [13][14] - The bank has implemented reforms in its risk management system, enhancing its risk control capabilities [14] Market Position and Recognition - Jiangsu Bank has gained significant attention in the capital market, with nearly 70 research reports published by analysts this year [16] - The bank ranked 56th in the "Global 1000 Banks" list, improving by 10 positions from the previous year, and was ranked 162nd in the "Fortune" China 500 list [16]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條刊登。茲載列 該公告（於上海證券交易所網站刊登）如下，僅供參閱。 特此公告。 中國建設銀行股份有限公司 董事會 2025年10月30日 於本公告日期，本行的執行董事為張金良先生、張毅先生和紀志宏先生，本行的 非執行董事為辛曉岱女士、劉芳女士、李璐女士、李莉女士和竇洪權先生，本行 的獨立非執行董事為威廉 • 科恩先生、梁錦松先生、詹誠信勛爵、林志軍先生和 張為國先生。 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） (A joint stock company incorporated in the People's Republic of China with limited liability) （股份代號：00939） 2025年第三季度報告 中国建设银行股份有限公司（"本行"）董事会及全体董事保证 ...

【导读】国家金融监督管理总局办公厅发布关于促进养老理财业务持续健康发展的通知 中国基金报记者 张舟 事关 理财公司 服务养老产业发展重要文件来了！ 10月30日，国家金融监督管理总局办公厅 对外 发布关于促进养老理财业务持续健康发展的 通知。 该通知提出，支持理财公司在坚守职能定位、依法合规的前提下，以债券、股票、非标准化 债权类资产和衍生品等多种方式投资养老领域资产。养老理财产品试点地区扩大至全国，试 点期限三年。 对养老理财产品实施一定费率优 惠。鼓励试点理财公司发行10年期以上，或者 最短持有期5年以上等长期限养老理财产品。支持理财公司与信托公司、保险资产管理公司、 证券公司、公募基金等持牌资管机构在专户管理、运营托管、交易执行等方面依法开展合 作，实现优势互补，更好服务养老产业发展。 以下为重点内容： 1.养老理财产品试点地区扩大至全国，试点期限三年 稳步扩大养老理财产品试点，自本通知印发之日起，养老理财产品试点地区扩大至全国，试 点期限三年。 3. 对养老理财产品管理费、销售费和托管费等实施一定费率优惠 支持养老理财产品发行机构、销售机构和托管机构在商业可持续基础上，对养老理财产品管 理费、销售费和 ...

Core Viewpoint - The notice from the National Financial Supervision Administration aims to promote the sustainable and healthy development of pension financial products, expanding pilot areas nationwide and enhancing investment opportunities in the pension sector. Group 1: Expansion of Pilot Programs - The pilot areas for pension financial products will be expanded to the entire country, with a trial period of three years [4] - The total fundraising limit for a single financial company participating in the pilot will be increased to five times the net capital after deducting risk capital from the previous year's end balance [11] Group 2: Investment Strategies - Financial companies are supported to invest in pension-related assets through various means, including bonds, stocks, non-standardized debt assets, and derivatives, while adhering to compliance and functional positioning [5][9] - Encouragement for pilot financial companies to issue long-term pension financial products with a minimum holding period of five years or more, with additional regulatory benefits for those with a higher proportion of such products [6][12] Group 3: Fee Structure and Flexibility - Certain fee rate discounts will be implemented for management, sales, and custody fees of pension financial products, promoting commercial sustainability [6] - Pilot financial companies are encouraged to design flexible features for pension financial products, including aspects like purchase, redemption, and dividends, to better match individual investor needs [12] Group 4: Liquidity and Risk Management - Research will be conducted to establish mechanisms for the transfer and pledge of pension financial products to enhance liquidity for investors facing significant health issues [7] - A focus on strengthening risk management arrangements to protect investor rights and ensure smooth operation of transfer and pledge services [18] Group 5: Support for Specialized Departments - Financial companies that meet certain criteria are encouraged to explore the establishment of dedicated pension departments, enhancing investment management, risk control, and information systems [8][14] Group 6: Investment in Health and Elderly Industries - Increased funding support for investments in long-term quality assets that align with pension characteristics, including participation in major national projects [9][15] - Financial companies are encouraged to consider the risk-return characteristics of pension financial products in relation to investor risk preferences, aiming for a balance between economic and social benefits [15]

其中提出，多元化投资方式。支持理财公司在坚守职能定位、依法合规的前提下，以债券、股票、非标 准化债权类资产和衍生品等多种方式投资养老领域资产。 养老领域，大消息。 10月30日，国家金融监督管理总局办公厅印发关于促进养老理财业务持续健康发展的通知，其中提出， 稳步扩大养老理财产品试点，明确试点地区和期限。自本通知印发之日起，养老理财产品试点地区扩大 至全国，试点期限三年。 通知提出，丰富产品形态。鼓励试点理财公司发行10年期以上，或者最短持有期5年以上等长期限养老 理财产品。对10年期以上养老理财产品规模占比较高的试点理财公司，在监管评级中予以适当加分。支 持试点理财公司依法在养老理财产品购买、赎回、分红等方面进行灵活设计，更好匹配投资者个性化养 老需求。支持试点理财公司将养老理财产品收益领取与健康、养老照护等养老场景有机结合，为投资者 提供养老金融综合解决方案。支持试点理财公司研发符合个人养老金参加人的养老需求、具有长期限特 征且具有一定收益率的个人养老金理财产品。 其中提出，加大资金支持力度。支持理财公司投资与养老特征相匹配的长期优质资产，通过适当方式参 与投资国家重大工程和重大项目建设，加大对健康产业、 ...