助力养老金融降成本降门槛 截至2024年末，我国60周岁及以上老年人口31031万人，占总人口的22.0%；全国65周岁及以上老年人 口22023万人，占总人口的15.6%。人口老龄化已成为今后较长一段时期我国基本国情。 在中央金融工作会议提出的"五篇大文章"中，养老金融被赋予服务国家战略、增进民生福祉的重要使 命。随着人口老龄化加速，老年群体对专业化、精准化养老金融服务需求愈发迫切。 我国人口老龄化进程加速，养老服务需求日益多元化，养老金融作为保障老年人生活质量、支撑养老体 系建设的关键领域，其普惠化、智能化发展成为行业焦点。当前，人工智能技术正深度融入养老金融全 链条，为破解服务门槛高、覆盖范围窄、数据支撑弱等痛点提供新解法。9月13日，2025年中国国际服 务贸易交易全球养老金融大会在首钢园举行，与会嘉宾热议人工智能如何激活养老金融潜能，为行业发 展贡献真知灼见。 AI模型开发需要海量数据，金融是数据密集型行业，金融数据有效价值取决于真实性和有效性。 然而，当前在金融行业，数据共享方面存在明显短板。中国银行原行长李礼辉在演讲中分析，当前公共 数据还存在局部行政分割问题，有些数据分散在有关部门中，难以走出 ...

Core Insights - The aging population in China is accelerating, leading to a diversified demand for elderly care services, with a focus on the development of inclusive and intelligent elderly finance [1][2] - Artificial intelligence (AI) is being integrated into the entire elderly finance chain, addressing issues such as high service thresholds, narrow coverage, and weak data support [1][2] Group 1: Demographics and Market Needs - By the end of 2024, the elderly population aged 60 and above in China is projected to reach 31.03 million, accounting for 22.0% of the total population, while those aged 65 and above will be 22.02 million, making up 15.6% [2] - The demand for specialized and precise elderly finance services is increasing as the aging population grows [2] Group 2: Role of AI in Elderly Finance - AI can lower the cost and threshold of elderly finance services, allowing for a broader reach to small and medium enterprises and flexible employment groups [2][3] - AI enhances the transparency and adaptability of elderly finance products, fostering consumer trust and engagement [3] - AI can integrate multi-source data for risk assessment and demand forecasting, optimizing product design and service delivery [3][4] Group 3: Challenges in AI Application - The application of AI in elderly finance faces challenges such as insufficient depth of use, unclear boundaries for data privacy protection, scarcity of high-quality financial data, and inadequate computational support [4][5] - Data sharing issues exist, with public data often fragmented and non-public data circulation being inefficient [4][5] Group 4: Collaborative Efforts Required - The development of elderly finance is a long-term endeavor that requires collaboration among government, market, society, and families [6][7] - There is a need for top-level design and institutional supply to drive the cross-sector development of AI in elderly finance [7] - Expanding public data sharing and establishing a national public database are essential for maximizing the value of data in elderly finance [7][8] Group 5: Technological Integration and Service Innovation - Companies are encouraged to build unified platforms that integrate health records, care documentation, and financial assets to provide personalized services [8] - The use of IoT and smart devices in various scenarios, such as health management and safety monitoring, is being promoted to enhance service efficiency and quality of life for the elderly [8]

在刘振龙看来，AI还能提升养老金融产品透明度与适配性，增强消费者的信任和参与感。他表示："依托大数据和机器学习，一方面企业和个人客户能够借 助AI更好地了解产品的运作和表现，另一方面也可以利用AI工具，根据不同的风险偏好、收入、年龄等要素，针对长住、旅居等多元的养老场景，精准为 客户提供'一人一策'的养老规划或者资产配置建议，提高整体的感受体验。" 养老金融不仅是简单的资金积累，更是将资金和技术作为纽带，整合金融、医疗、健康、科技、养老服务等多方资源，构建涵盖养老规划、健康管理、服务 对接等全生命周期的综合性服务的生态。浙大城市学院副教授林先平在接受北京商报记者采访时提到，AI能够整合多源数据（如健康记录、消费行为、金 融历史等），通过机器学习模型进行风险评估和需求预测，为养老金融产品设计、定价及服务优化提供科学依据，解决传统数据碎片化问题，优化资源配 置，提升服务体验。 应用深度不足、高质量数据稀缺 尽管AI为养老金融带来诸多想象空间，但其进一步应用仍面临现实瓶颈。刘振龙指出，智能化AI在养老金融领域的应用仍面临不少挑战，一是深度不足， 当前多数机构仅将AI用于智能客服，在风控、运营等核心业务环节的渗透率仍 ...

Core Insights - The article highlights the growth of pension finance in response to changing demographics and increasing retirement needs, emphasizing the role of Changjiang Pension in adapting to these trends [2] - Changjiang Pension aims to achieve a "double leap" in management scale and investment performance by enhancing research capabilities, optimizing services, and innovating products by mid-2025 [2] Group 1: Service Enhancement - Changjiang Pension is focused on refining its customer service system to meet the increasingly segmented and sophisticated needs of clients, ensuring a standardized and traceable service process [3] - The company is enhancing its localized service network and talent acquisition to improve responsiveness to client needs [3] - By integrating resources from China Pacific Insurance, the company aims to provide comprehensive services that cover clients' entire life cycles [3] Group 2: Investment Research and Management - In the first half of 2025, Changjiang Pension upgraded its asset allocation and research systems, achieving significant improvements in investment management efficiency through a comprehensive decision-making system [5] - The company emphasizes a strategy-driven approach to investment, moving from experience-based judgments to a more refined and reusable methodology [5] - Changjiang Pension has established a talent development mechanism to cultivate a research team that combines professional depth with client perspectives, supporting long-term returns [5] Group 3: Innovation and Collaboration - Changjiang Pension is actively participating in pension finance reforms, having been selected as the trustee for the first regional talent pension plan in China and a service provider for automatic enrollment mechanisms in Xiong'an New Area [6] - The company collaborates with government departments and academic institutions to create replicable service models and promote research in pension finance [6] - Future plans include enhancing pension asset management capabilities and developing comprehensive solutions that integrate insurance, investment, and services [6]

Core Viewpoint - The company, Changjiang Pension, is actively responding to the growing demand for pension financial services driven by demographic changes and evolving resident needs, aiming for a significant increase in both management scale and investment performance by mid-2025 [1] Group 1: Service Enhancement - The company is improving its service mechanisms to meet the increasingly refined needs of clients, focusing on a standardized, systematic, and branded customer service framework [2] - A professional team is being optimized to enhance responsiveness to client needs, with a focus on local service networks and talent development [2] - The integration of resources from China Pacific Insurance is creating a comprehensive service platform that combines pension financial products, health management, and elderly care services [2] - As of June 2025, the company's asset management scale has surpassed 1.41 trillion yuan, with a compound annual growth rate of nearly 16% in pension management over the past three years [2] Group 2: Investment Research and Management - The company is upgrading its asset allocation and investment research systems to ensure long-term returns, achieving a full-chain management approach through a self-developed investment decision system [3] - A strategy-focused investment research integration platform is being established to enhance the precision and reusability of investment methodologies [3] - A talent cultivation mechanism is in place to develop a research team that combines professional depth with client perspectives, supporting long-term returns [3] - According to data from the Ministry of Human Resources and Social Security, the company's performance in enterprise annuities over the past three years has been outstanding, with top rankings in various categories [3] Group 3: Innovation and Collaboration - The company is involved in regional pilot projects and policy innovations to expand pension coverage and improve the national pension security system [4] - Changjiang Pension has been selected as the trustee for the first area-based talent pension plan and is among the first service institutions for the automatic inclusion mechanism in Xiong'an New Area [4] - Collaborations with government departments and educational institutions are being pursued to create a replicable service model and promote the transformation of basic research into tangible client services [4] Group 4: Future Directions - The company plans to enhance pension asset management capabilities under the strategic guidance of China Pacific Insurance, focusing on comprehensive solutions that integrate insurance, investment, and services [5]

Core Insights - By the end of 2024, the population aged 60 and above in China will exceed 300 million, accounting for over 22% of the total population, leading to the rapid formation of a trillion-level "silver economy" market [1][5][7] - The consumption demands of the elderly have shifted from basic survival needs to quality of life, with digitalization, health, socialization, and value realization becoming core features of new consumption patterns [1][4] - There is a significant supply gap in the market, particularly in key areas such as elderly care facilities, services, health, cultural tourism, products, finance, and smart elderly care, which restricts the development of the silver economy [1][4][36] Population Base - The aging population is a global trend and a core feature of China's social structure, providing a substantial user base for the silver economy [4][5] - In 2000, the population aged 60 and above reached 130 million, marking the beginning of China's aging society; by 2023, this number had grown to 297 million, indicating deep aging [5][7] - By 2035, the population aged 60 and above is projected to reach 440 million, accounting for 32.1% of the total population, indicating a transition to a super-aged society [7][9] Demand Upgrade - The new generation of elderly consumers, primarily from the "post-60s" cohort, is driving the silver economy with a strong consumption capability and a desire for a richer lifestyle [16][18] - The elderly are increasingly crossing the digital divide, with 60.7% of them spending over three hours online daily, engaging in activities such as online shopping and social media [18][20] - There is a growing focus on self-investment, health, and social relationships, with many elderly individuals actively seeking to enhance their personal value and quality of life [20][26] Supply Gap - The rapid aging of the population in China has outpaced the development of necessary infrastructure and services, leading to a significant supply gap in the silver economy [36][38] - As of 2024, there is a shortfall of approximately 1 million elderly care beds, highlighting the urgent need for improved elderly care facilities [39][41] - The elderly care service sector faces challenges such as limited coverage in rural areas and a lack of qualified caregivers, with a projected demand for around 20 million caregivers by 2030 [45][46] Payment Capability - The elderly population's payment capability is continuously increasing, supported by high savings rates, stable pension income, and family support [2][62] - The average total assets of households led by individuals aged 46-64 are approximately 3.5 million yuan, indicating a strong financial foundation for consumption [64][66] - The income of retirees is steadily rising, with a significant portion of the elderly population in urban areas receiving pensions that support their consumption needs [68][70] Policy Drive - The introduction of the "Silver Economy Document No. 1" in 2024 marks a systematic push at the national strategic level to transform demographic challenges into new economic growth drivers [3][71] - Over the years, numerous policies have been implemented to support the development of the silver economy, emphasizing the need for a coordinated approach between elderly care services and the market [72][75] - The government is increasingly focusing on developing the silver economy, recognizing its potential to address the needs of an aging population and stimulate economic growth [75][76]

Core Insights - The article emphasizes the need for a more inclusive and responsive elderly financial system in Jiangsu Province, addressing the low coverage, penetration, and satisfaction rates in elderly financial services [1] Group 1: Elderly Financial Needs - The elderly population exhibits a lack of financial knowledge, primarily engaging in bank savings while being wary of complex financial products, preferring to keep money in hand for security [2] - There is a strong awareness among the elderly regarding fraud, leading many to reject complicated financial products due to perceived risks [2] Group 2: Industry Insights - Local nursing home directors highlighted the positive impact of government healthcare policies, which alleviate financial concerns related to medical expenses, and the provision of subsidies that enhance the elderly's financial security [3] - Caregivers reported effective anti-fraud education initiatives, which have improved the elderly's ability to identify scams and seek help when encountering suspicious situations [3] Group 3: Future Directions - The team plans to develop flexible and secure "age-friendly" financial products based on their findings, aiming to create a comprehensive index that measures service availability, product suitability, and risk prevention for elderly financial services [4] - The initiative reflects a commitment to bridging the gap between financial services and the elderly population, emphasizing the importance of empathy and understanding in product design [4]

Group 1: Central Bank Operations - The People's Bank of China will conduct a 600 billion MLF operation on August 25, 2025, to maintain liquidity in the banking system [1] - This operation aims to stabilize market interest rates and support the development of the real economy [1] Group 2: Elderly Finance in Guangdong - Guangdong is accelerating the introduction of provincial-level guiding documents for elderly finance, indicating a strong governmental focus on the elderly industry [2] - The establishment of a "white list" financing mechanism in the elderly sector is intended to inject strong momentum into the coordinated development of elderly finance and the silver economy [2] Group 3: Cross-Border Payment in Zhejiang - Zhejiang supports cross-border payment institutions in applying for global payment licenses, reflecting a forward-looking and open attitude towards digital trade and services [3] - The policy aims to encourage enterprises to achieve international development through cross-border business, enhancing the global competitiveness of trade services [3] Group 4: Electronic Industry Market Capitalization - The A-share market capitalization of the electronic sector reached 11.54 trillion yuan, surpassing that of the banking sector, marking a historical high [4] - The strong performance of technology stocks is driving optimism about the future development of the electronic industry [4] Group 5: Federal Reserve's Open Stance on Rate Cuts - Federal Reserve Chairman Jerome Powell indicated an open attitude towards potential interest rate cuts, citing risks to employment growth and economic slowdown [5] - Despite concerns about inflation, rising risks in the labor market may lead the Fed to consider rate cuts in September [5]

Core Insights - The article emphasizes the strategic importance of pension finance in addressing the challenges of an aging population and its role in promoting high-quality social development [1][3][7] Group 1: Aging Population and Financial Industry Transformation - The aging population presents a systemic challenge and structural opportunity for the financial system, necessitating a "reconstruction of timeframes" [3][4] - Financial institutions need to shift focus from short-term performance to building capabilities for "absolute returns + long-term allocation," particularly increasing the allocation of alternative assets [3][4] - The current allocation of alternative assets in China's pension system is below 10%, significantly lower than the OECD average of around 20% [3] Group 2: Policy Directions and Institutional Development - Future pension finance policies in China will focus on "system construction, institutional support, and market incentives," aiming to create a multi-level, sustainable development framework [7] - The three-pillar pension system will be further improved, with attractive tax incentives and clearer regulatory guidance to enhance the development of enterprise annuities and personal pensions [7] - Policies will encourage long-term, diversified asset allocation of pension funds to support major national projects and the healthy development of pension-related industries [7] Group 3: International Models and Local Adaptation - Various international pension models provide valuable references for China, such as Japan's "medical and nursing combined community" model and the U.S. market-oriented model [5][6] - The "automatic enrollment" system in the UK can help expand personal pension coverage in China, while the "public-private partnership" model in Singapore can be adapted for smaller cities [5][6] Group 4: Financial Product Demand and Design - Current family demand for pension financial products focuses on stable long-term returns, flexible liquidity arrangements, and risk protection features [8][9] - To enhance the attractiveness of pension financial products, efforts should be made in product design, operational mechanisms, and user communication [9][10] Group 5: Opportunities for Financial Institutions - Financial institutions possess professional investment management and risk control capabilities, enabling them to improve the long-term returns and stability of pension assets [10][11] - Institutions should leverage the benefits of the personal pension system to transform their operations, focusing on account management, product innovation, and financial education [12][13]

Core Viewpoints - The pension system in Taiwan is characterized by significant occupational segmentation and treatment disparities, consisting of multiple pillars including a zero pillar for poverty alleviation and a third pillar primarily based on commercial insurance [2][6][11] Group 1: Structure of the Pension System - Taiwan's pension system is divided into four pillars: the first pillar includes social insurance pensions, the second pillar consists of occupational retirement funds, the zero pillar provides social allowances for low-income elderly, and the third pillar is based on commercial insurance [6][11] - The first pillar covers all eligible individuals, with contributions shared between individuals and the government, varying by occupation [8][11] - The second pillar does not cover unemployed individuals and includes various retirement funds for military, public education, private school teachers, and farmers [12][16] Group 2: Investment Allocation of Pensions - The first pillar's military insurance primarily invests in Taiwanese stocks and ETFs, with 39% allocated to stocks and 16% to bonds [25][30] - National pension funds prefer domestic stocks and beneficiary certificates, while labor insurance funds mainly invest in bonds and special stocks [30][34] - The second pillar's military and public education retirement funds allocate nearly half of their funds to bonds and stocks, with a significant portion managed by external institutions [38][44] Group 3: Characteristics of Pension Financial Products - Taiwan's long-term care service system has developed rapidly, with the Long-Term Care 2.0 plan expanding service targets and projects, integrating community resources [4][51] - The "small endowment insurance" product is designed for low-income elderly individuals, featuring low premiums and no medical examination requirements [4][58] - The long-term care plan includes various services for daily living assistance, professional training, and transportation for elderly individuals [55][56]