Core Viewpoint - The China Securities Association has issued a notification to support eligible individual pension fund investors in redeeming their funds early, even if they have not met the minimum holding period or are in a closed period, under certain conditions [1]. Group 1: Eligibility Conditions - Investors can redeem their pension funds early if they meet one of five specified conditions, including total loss of labor capacity, settling abroad, significant medical expenses exceeding local average disposable income, receiving unemployment insurance for 12 months within the last two years, or currently receiving minimum living security [2]. Group 2: Process for Early Redemption - Fund sales institutions must verify the investor's pension account status through the relevant platform before processing early redemption requests, ensuring due diligence [3]. - Upon verification, fund sales institutions will submit the redemption request to fund managers and share relevant data, including a redemption identifier [3]. Group 3: Technical Preparations - The China Securities Depository and Clearing Corporation will revise business rules and technical specifications, requiring all related institutions to complete technical preparations by June 2026 [4]. - During the preparation period, institutions can manually process eligible early redemptions and must ensure proper communication with investors [4]. Group 4: Fund Management and Updates - Fund managers are required to update the prospectuses of relevant pension fund products, with specific timelines to be announced later [5]. Group 5: Market Overview - As of January 16, there are 309 individual pension fund products and 52 sales institutions, including 19 commercial banks and 25 securities companies [6].