Core Insights - The forum on social security and the release of the "China Pension Development Report 2025" was held, emphasizing the importance of pension investment strategies [3][6] - The discussion highlighted the differences in pension investment philosophies between China and the West, particularly in the context of China's aging population and its "getting old before getting rich" scenario [3][6] Group 1: Pension Investment Strategies - ALM (Asset Liability Management) is described as a top-level strategy, while LDI (Liability Driven Investment) serves as the specific execution path for pension investments [3][6] - The key aspects of pension investment methods are described as "describable, quantifiable, assessable, and repeatable," aiming to create standardized methods that can be passed down within institutions [3][6] Group 2: Contextual Factors - The aging population in urban areas of China presents a unique challenge, necessitating a conservative and stable investment approach that aligns with the current national conditions [3][6]