专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 近日，为深入贯彻落实《推动公募基金高质量发展行动方案》，在北京证监局的指导下，北京证券业协 会携手北京公募基金管理人、基金销售机构等多方力量，共同启动了"北京公募基金高质量发展系列活 动"。本次活动以"新时代・新基金・新价值——北京公募基金高质量发展在行动"为主题，核心目标之 一正是深化普惠金融与投资者教育保护。在此背景下，我们希望能像老朋友一样，与您聊聊如何运用这 个"新时代"的"新基金"，为我们的银发岁月规划出安稳、自在的"新价值"。 一、 银发时代的财务挑战：为何养老规划与众不同？ 与年轻时相比，退休后的财务生活有几个根本性的变化，理解这些特殊性，是做好规划的第一步： 1． 收入"断流"：工资这份主动收入停止了，我们主要依赖积蓄、社保养老金和投资产生的被动收入。 这意味着，财务规划的容错率变低了。 ◦ 储蓄、国债等：提供相对安全保障。 ◦ 货币基金、短债基金：这类公募基金波动极小，流动性好，非常适合存放短期要用的生活费和中短期 备用金，收益一般优于活期存款。 ◦ 中长期的纯债基金：主要投资于债券，风险相对可控，收益相对更优，能有效对抗通胀对现 ...

中粮信托财富管理总部康养服务信托业务负责人邓婷分享了养老信托的实践案例，详细讲解了养老信托 如何一站式满足老年人的综合养老规划需求。北京市盈科(通州区)律师事务所主任陶奕和北京市长安公 证处公证员李青分别介绍了律师和公证服务在养老规划中的重要作用。 活动最后设置了互动交流环节，现场长者积极提问，嘉宾们耐心解答，气氛热烈。此次公益讲座不仅普 及了养老规划知识，还搭建了政府、社区与专业机构之间的沟通桥梁。未来，相关部门将继续开展此类 活动，推动养老服务高质量发展，让更多老年人安享幸福银龄生活。 2025年9月23日，中粮信托联合多家专业机构，在北京通州区如意社区养老服务驿站举办了一场以"托付 未来 安享银龄"为主题的养老财富规划与意定监护公益讲座。本次活动由北京通州区政府牵头指导，旨 在普及养老规划新理念，助力老年人安享幸福晚年。 讲座邀请了多位专业人士，围绕养老财富保障、意定监护、律师监察、公证养老服务等主题进行分享。 其中，北京市通州区区长助理林巍博士介绍了全国首单以不动产作为信托财产的特殊需要服务信托业 务，展示了信托在养老保障方面的重要作用。北京律维银龄研究与服务中心副主任陈亚辉解读了老年人 意定监护制度 ...

Core Viewpoint - The article discusses two important retirement savings options in China: enterprise annuities and personal pensions, highlighting their features, eligibility, contribution methods, and benefits. Group 1: Enterprise Annuities - Enterprise annuities are a supplementary pension system established by companies for their employees, based on participation in basic pension insurance [2][9]. - Participation in enterprise annuities is available to employees who have completed their probation period and whose companies have established such plans [3][5]. - Contributions to enterprise annuities come from three sources: employer contributions, employee contributions, and investment returns [5]. - Employers can contribute up to 8% of the total salary of employees, while the combined contributions from both employers and employees cannot exceed 12% [5]. - Employees can withdraw enterprise annuities upon reaching retirement age, total loss of work ability, emigration, or death, with three withdrawal methods available: lump-sum, installment, or purchasing commercial insurance [6][7][8]. Group 2: Personal Pensions - Personal pensions are a government-supported, voluntary system for individuals to supplement their retirement savings, operating in a market-driven manner [10][9]. - Any worker participating in basic pension insurance in China can voluntarily join the personal pension scheme, except those already receiving pension benefits [12][11]. - Contributions to personal pensions are solely made by individuals, with an annual limit of 12,000 RMB, and contributions can be made monthly, in installments, or annually [13]. - Similar to enterprise annuities, personal pensions have specific conditions for withdrawal, including reaching the retirement age, total loss of work ability, or other specified circumstances [14][15]. Group 3: Comparison and Integration - Enterprise annuities and personal pensions are not mutually exclusive; they complement each other, allowing individuals to enhance their retirement savings [16][18]. - The comparison table highlights key differences: enterprise annuities are employer-based, while personal pensions are individual-based; contributions for enterprise annuities can come from both employers and employees, whereas personal pensions are solely employee-funded [17]. - For individuals with enterprise annuities, participation in personal pensions is encouraged to further strengthen retirement savings [18]. - For those without enterprise annuities, personal pensions serve as a crucial tool for retirement planning, providing equal opportunities for all [19].

为深入贯彻落实《推动公募基金高质量发展行动方案》，响应北京证监局指导下的"北京公募基金高质 量发展系列活动"号召，近日，银华基金联合东方基金、汇安基金、泓德基金、宏利基金、东兴基金及 天相投顾七家机构，共同走进中央财经大学，以"新时代・新基金・新价值——北京公募基金高质量发 展在行动"为核心主题，开展公募基金知识普及与金融素养培育活动。此次活动旨在为财经院校学子搭 建"行业实践与知识普及"的桥梁，助力培育具备专业视野与理性思维的未来金融领域生力军。 作为国内财经领域的顶尖院校，中央财经大学学子是未来金融行业发展与财富管理市场的核心力量。此 次活动聚焦财经院校学子的专业特性与认知痛点，摒弃传统互动环节，以"案例拆解+行业洞察"的讲座 形式，让金融知识更具深度与实用性。现场讲师依托多年投教经验，结将复杂理论转化为青年易理解的 内容，既贴合校园场景，又紧扣行业发展方向，为学子搭建"理论与实践衔接"的认知桥梁。 《投资行为偏差的认知和修正》：融行业高质量发展，解投资认知难题 讲座中，讲师为在场同学详细介绍了公募基金行业的发展历史及重要举措，特别针对今年出台的《推动 公募基金高质量发展行动方案》对行业及投资者的影响进行 ...

创新活动形式，唤醒养老规划意识 近年来，养老领域迎来多项"新变化"，包括基本养老金上调、个人养老金领取条件优化等，为人们的养 老生活带来了更多便利。与此同时，公募基金行业也在加速推进养老投教工作，助力社会公众未雨绸 缪，乐享未来的养老生活。 就在近日，国泰基金响应中国证券投资基金业协会（下称中基协）"基金行业话养老"号召，成功举 办"养老young主张"国泰基金9·9养老周主题投教活动，通过线下展览的形式传递"备老投资要趁早，做 好规划不迷茫"的理念。 积极响应号召，国泰基金助力国民金融素养提升 养老金融是关乎千家万户幸福安康的民生工程，公募基金行业身为养老金委托投资管理主力军，肩负时 代使命，需持续提升专业服务水平和积极发挥功能价值。其中，深化投资者教育是关键一环。 本次活动时间为9月9日—14日，持续6天，活动选址在有"沪上最美书店"之誉的建投书局，国泰基金结 合书局文化氛围，打造沉浸式养老主题展。活动线上线下（300959）同步进行，线下展览吸引近千人次 现场参观体验，线上则在年轻人聚集的小红书平台发起"聊聊你的养老计划"互动话题累计收获超500条 用户留言，话题标签"基金行业话养老""国泰基金99养老 ...

Group 1 - The report titled "2025 Wealth Health Index of China's New Affluent" was jointly released by Shanghai Jiao Tong University and Charles Schwab, aiming to track the investment behavior and wealth health of a significant economic group in China [1] - The new affluent group is defined as individuals with an annual income between 125,000 and 1,000,000 yuan and investable assets below 7 million yuan [1] - In a low-interest-rate environment, the new affluent are shifting their asset allocation from cash to higher-risk financial investments, with cash and deposits still accounting for over half of their assets, but this proportion has decreased by nearly 5 percentage points to 52.5% [1] Group 2 - The proportion of bank wealth management products has also declined, while investment in funds has seen a significant increase, with 42.6% of respondents holding funds, the highest in five years, and the average allocation to funds rising from 7.8% to 12.4% [1] - There is a slight increase in the allocation to stocks and overseas investments among the new affluent [1] Group 3 - ETF investments are gaining popularity, especially among respondents who have used investment advisory services, with high transparency and risk diversification being the main reasons for choosing ETFs [2] - Despite a desire for high returns, the risk appetite of the new affluent is becoming more conservative, with 63.1% of respondents unwilling to accept losses exceeding 10%, an increase of 13.2 percentage points from the previous year [2] Group 4 - Nearly half (48.6%) of respondents have retirement planning, with significant increases among the 25-44 age group and higher income brackets [3] - The primary method for retirement planning has shifted from regular savings to purchasing retirement insurance, indicating a growing reliance on financial investment returns rather than savings [3] Group 5 - There is a notable trust in AI-generated investment advice among the new affluent, with nearly 70% expressing high or moderate trust, particularly among those with more aggressive investment styles [3] - Individuals with over 15 years of investment experience show a preference for human services over AI [3]

Core Insights - The Chinese capital market has undergone significant reforms over the past year, leading to renewed vitality in the wealth management industry [1] - New affluent individuals are increasingly shifting from traditional savings and real estate investments to diversified financial asset allocations, particularly in response to declining risk-free interest rates [2] - There is a growing emphasis on retirement planning among new affluent individuals, with a notable shift towards purchasing retirement insurance as a primary means of preparation [1][2] Group 1: Wealth Management Trends - The report indicates that the average proportion of funds in the investment portfolios of new affluent individuals has reached a five-year high, with a significant increase in fund investments [2] - Exchange-Traded Funds (ETFs) are gaining popularity due to their high transparency, risk diversification, and adaptability to various investment strategies [2] - Despite a desire for higher returns, over 60% of new affluent individuals are unwilling to accept losses exceeding 10%, indicating a mismatch between investment behavior and risk tolerance [2] Group 2: Emerging Investor Demographics - The "new generation investors," defined as those who began financial investments after September 24 of the previous year, constitute 13.1% of the new affluent population, with an average age of 30.7 years [3] - Young affluent individuals aged 18-24 show a high acceptance of financial planning, with 71.8% expressing interest, yet they frequently engage in short-term trading behaviors [3] - The industry faces new opportunities and challenges in enhancing financial literacy among these emerging groups [3] Group 3: Technology and Wealth Management - The integration of generative AI in wealth management is rapidly increasing, with new affluent individuals in China showing higher trust in AI-generated investment advice compared to their overseas counterparts [3] - Personal risk tolerance and investment experience are key factors influencing the trust in AI among new affluent individuals [3] - The demand for humanized service remains strong, suggesting that the optimal future path for wealth management may lie in a "human-machine collaboration" model [3]

Core Insights - The story illustrates the financial challenges faced by elderly parents in the context of rising healthcare costs and the importance of prudent financial planning for retirement [4][6][8] Financial Planning - It emphasizes the need for rational financial management, suggesting that retirement funds should be safeguarded through low-risk investments such as bank deposits, government bonds, and insurance [8] - The narrative highlights the significance of having adequate medical insurance to mitigate health-related expenses as individuals age [8] Family Dynamics - The emotional support from the daughter and son-in-law during a health crisis underscores the importance of family bonds and mutual support in times of need [4][6] - The story reflects on the potential regret of parents who may not adequately prepare for their retirement, contrasting those who prioritize financial security over lavish gifts for their children [6][8] Societal Context - It points out the broader societal issue of aging populations and the increasing concern among elderly individuals about becoming a burden to their children [6][8] - The narrative advocates for proactive measures in financial and health planning to ensure a dignified and secure old age [8][10]

Core Viewpoint - The core viewpoint emphasizes the importance of "time leverage" in retirement planning, suggesting that starting early can significantly enhance wealth accumulation through compound interest [1][2]. Group 1: Time Leverage in Retirement Planning - The example of triplets illustrates that starting to save at a younger age leads to higher account balances at retirement, with a 10-year-old saving 10,000 annually for 6 years resulting in 3.44 million at age 65, compared to 2.93 million for a 16-year-old saving for 9 years, and only 2.8 million for a 25-year-old saving for 40 years [1]. - The recommendation for individuals in their 30s is to balance fixed expenses with retirement savings, suggesting the "30 Yuan Rule" where saving 30 Yuan daily can lead to 1.372 million after 30 years at an 8% return [1]. Group 2: Controversies and Challenges - The practicality of the proposed savings strategy is questioned, as children lack independent income and rely on parental support, which may impose additional financial burdens on families, especially those with limited economic resources [2]. - The assumption of an 8% annual return is criticized as overly optimistic, given that current market conditions typically yield lower returns, and achieving such returns over decades involves significant risk [2]. - There is a conflict in values regarding the expectation for children to save for retirement, with concerns that this may detract from their childhood enjoyment and induce anxiety about the future, suggesting that retirement planning should respect individual life cycles [2].

Core Insights - The article highlights a significant shift among younger generations, particularly those born in the 1990s and 2000s, towards planning for retirement, with an increasing number of individuals starting to save for retirement at a younger age [2][3][5] - The concept of retirement planning is becoming a new consensus among young professionals, with many considering it essential to their future financial security [2][5] Retirement Planning Timing - The age range of 35-40 is identified as a critical turning point for retirement planning, where individuals should start prioritizing their savings for retirement [5][10] - A survey indicates that 60.3% of respondents believe the ideal age to start retirement planning is between 31-45 years old, with a notable increase in those under 29 advocating for planning before age 35 [4][5] Financial Strategies for Retirement - Young professionals are increasingly adopting systematic savings strategies, such as monthly contributions to personal pension accounts and commercial retirement insurance [4][10] - The article emphasizes the importance of starting retirement planning early, as time can significantly enhance the benefits of compound interest, potentially doubling the value of savings over time [10][11] Cost of Retirement - In Beijing, the average monthly cost of living in retirement facilities is reported to be 6,611 yuan, leading to an annual expenditure of nearly 80,000 yuan [7][8] - To maintain a comfortable retirement lifestyle, individuals may need over 1.7 million yuan solely for living expenses, excluding additional costs for healthcare and leisure activities [8] Pension System Overview - China's pension system consists of three pillars: government-led basic pension insurance, employer-led supplementary pension insurance, and individual-led savings and commercial pension insurance [9] - The personal pension system allows individuals to voluntarily save in designated accounts, with a current annual contribution limit of 12,000 yuan, providing tax benefits [9] Product Diversity in Retirement Planning - The market for personal pension products is expanding, with a total of 998 specialized products available, including savings, funds, and insurance options [13] - Commercial pension insurance is gaining popularity due to its dual function of providing both protection and retirement savings, with many products offering competitive interest rates [13][14] Engaging Younger Generations - There is a growing awareness among younger individuals regarding the importance of retirement planning, prompting financial institutions to develop products tailored to their needs [15] - The article suggests that financial institutions must adapt to the preferences of younger clients to effectively engage them in long-term retirement planning [15]