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 摘要：新时代·新基金·新价值——北京公募基金高质量发展在行动 为贯彻落实《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、基金评价机构及多家主流媒体，共同启动"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"为主题，旨在通过多层次、多形式宣传与互动，强化投资者教育与 保护，推动公募基金行业转型升级，提升服务实体经济能力，打造北京金融高质量发展新名片。 华商基金积极推动金融、投资知识普及，致力于推广长期投资、理性投资理念，提升公众风险防范意 识，持续为促进行业高质量发展贡献力量。 灵活就业 智享"夕阳" 有所学 有所为 退休的目常plog www 幸福里老年大学开课啦! 4 为灵活就业群体撑起"温暖伞" 大家的养老意识都在提升,养老 财务规划执行也是越来越早! 华女士的 "养老"公开课 据线计。大家认为用油就能到房规划的 最佳年龄年37岁左右。 7 रे > 定量调研 有效样本12602个 > 人群分类 "Ζ世代" "中生代" 男35-54岁 <35% 女35-49 ...

Core Viewpoint - The China Banking and Insurance Regulatory Commission (CBIRC) is enhancing the solvency regulatory framework to support the insurance industry's service to the real economy and capital market development [1][2] Group 1: Solvency Regulation and Support for the Real Economy - The implementation of the "Solvency Regulation Rules (II)" has improved the risk sensitivity and effectiveness of regulatory indicators, positively impacting the insurance industry's ability to serve the real economy and support capital market development [2][3] - The CBIRC plans to continue supporting the development of commercial pension business by formulating solvency preferential policies to reduce capital occupation [2] - Specific support policies include promoting green bonds, technology innovation, export credit insurance, agricultural insurance, and pension insurance, enhancing the insurance industry's service capabilities [4] Group 2: Support for Capital Market Development - The "Solvency Regulation Rules (II)" provide preferential policies for insurance funds investing in bank stocks, large-cap blue-chip stocks, and public REITs, facilitating the insurance industry's participation in capital market reforms [6] - As of the end of Q2 this year, the insurance industry invested approximately 790 billion yuan in the CSI 300 index stocks, saving 13.8 billion yuan in minimum capital requirements [7] - The insurance industry also invested about 7 billion yuan in public REITs, accounting for approximately 13% of the total scale, significantly supporting capital market reform [7]

Core Insights - The exclusive commercial pension insurance products continue to show good investment performance, with 27 products reporting stable account yields between 2% and 4.07%, and aggressive account yields between 2.5% and 4.12% [1][2] Group 1: Product Performance - Among the 27 products, 70% have settlement rates of 3% or higher, with 19 products having both account types above 3% [2] - The average yield for stable accounts is 3.18%, while the median is 3.1%; for aggressive accounts, both the average and median yield is 3.3% [2] - Four products have settlement rates exceeding 4%, with notable performances from Guomin Pension and Xinhua Pension [2] Group 2: Yield Trends - The overall trend shows a decline in yields for exclusive commercial pension insurance, with 10 out of 16 comparable products reporting lower stable account yields in 2024 compared to 2023 [3] - Historical yield ranges indicate a consistent decrease from 2021 to 2024, with stable account rates dropping from 4%-6% in 2021 to 2%-4.07% in 2024 [3] Group 3: New Product Developments - The minimum guaranteed interest rate for new products has decreased to 2% or below, with 13 out of 15 current products having a minimum guarantee of 2% [4] - The guaranteed rates do not necessarily reflect actual yields, as many products have actual returns significantly higher than their minimum guarantees [4][5] Group 4: Product Structure and Flexibility - Exclusive commercial pension insurance products are designed for retirement security, featuring a "guaranteed + floating" yield model during the accumulation phase [6] - These products offer flexible payment options, including traditional lump-sum and periodic payments, as well as "irregular additional" contributions [6] Group 5: Market Position and Policy Implications - Exclusive commercial pension insurance is a key type of insurance in the third pillar of retirement, with products included in the personal pension product directory, allowing for tax benefits [7] - The number of companies offering these products has increased to 17, including major life insurance and pension companies, as well as bank-affiliated insurers [7]