Core Viewpoint - The article discusses the need for financial products designed for the aging population in China, emphasizing the transition from "savings-based" to "investment-based" retirement solutions as the country faces increasing elderly demographics [1] Group 1: Pension System Structure - China has established a multi-pillar and multi-level pension system, which includes the first pillar of public pensions, the second pillar of occupational pensions, and the third pillar of personal pensions [1] - Experts suggest that there is a need to further improve the national coordination of urban employee basic pension insurance and to create more attractive personal pension products [1] Group 2: Investment Strategies - The development of the third pillar of personal pensions is crucial, with a focus on financial institutions enhancing product yields [1] - Given the large scale and long-term nature of pension funds, there is a dual mission to ensure value preservation and growth while also serving the real economy [1] - Experts advocate for directing more pension funds towards key areas such as technological innovation, advanced manufacturing, and green development [1] Group 3: Technological Innovation in Pension Finance - The National Social Security Fund Council emphasizes the importance of focusing on new technologies and creating suitable investment products for technological innovation to enrich pension investment portfolios and improve returns [1]