满足养老产业融资和风险保障需求方面，加大对养老产业的金融支持力度，指导银行机构围绕健康养 老、养老设施建设及产业链上下游，创新信贷模式、合理配置中长期资金，提升融资精准性；指导保险 机构通过股权投资、REITs等方式，为养老产业提供长期稳定资金支持；支持信托机构开展相关定制化 服务和不动产信托业务；鼓励金融租赁公司开展养老服务业融资租赁等金融业务；支持理财机构投资与 养老特征相匹配的长期优质资产。同时，不断完善养老产业保险保障体系，针对不同银发场景优化保险 产品服务，增强养老服务业的风险抵御能力。 丰富养老金融产品供给方面，要求银行保险机构推出综合养老金融解决方案，推动养老金融从单一产品 服务向综合服务生态转变；聚焦老年群体实际需求，形成覆盖养老准备、财富积累、消费支付和风险保 障的全生命周期产品谱系。鼓励保险机构优化精算模型，创新商业养老保险产品，开发具有长期领取功 能的保险产品，适度提升产品流动性。同时，通过优化网点布局、完善适老设施、提升线上平台友好 度，加强老年金融消费者权益保护，持续提升老年群体金融服务的便利性、安全性和获得感。 下一步，上海金融监管局将引导辖内各银行保险机构结合上海"十五五"发展规 ...

Core Viewpoint - E Fund Management announced the retirement of Gao Songfan, the Deputy General Manager and Chief Pension Business Officer, effective January 3, 2026, recognizing his significant contributions to the company's pension market business [1][8]. Group 1: Management Change - Gao Songfan is recognized as a key driver of the company's pension market business and has over 20 years of industry experience [3][10]. - He joined E Fund in February 2011 and has held various positions, including Director of Pension Business and Deputy General Manager since April 2017 [3][10]. Group 2: Pension Business Development - Under Gao's leadership, E Fund's pension business has achieved systematic development, becoming one of the few institutions with full qualifications for pension investment management since starting this business in 2004 [4][11]. - As of mid-2025, E Fund's corporate annuity management scale reached 318.783 billion yuan, managing 427 portfolios, and the company has won all 33 regional selection projects for pension fund managers [4][11]. Group 3: Insights on Pension Management - Gao has a deep understanding of the Chinese pension management system, emphasizing the balance of long-term investment, constraints, returns, and risk control [6][14]. - He highlighted the differences between the U.S. and Chinese pension systems, noting that China's model effectively mitigates risks faced by individual investors through professional management [14]. - Looking ahead, he proposed a development path of "productization first, then personalization" to enhance the diversity of pension products and improve individual investment experiences [14]. Group 4: Market Outlook - With Gao's retirement, there is increased market attention on E Fund's ongoing strategy in the pension business, especially as the public fund industry is poised for a comprehensive promotion of personal pension systems [7][15].