登录新浪财经APP 搜索【信披】查看更多考评等级 登录新浪财经APP 搜索【信披】查看更多考评等级 来源：上海证券报·中国证券网 上证报中国证券网讯（记者 张琼斯）银行业理财登记托管中心有限公司日前发布关于支持养老理财业 务有关事项的通知，进一步支持养老理财业务持续健康发展。 来源：上海证券报·中国证券网 在信息登记上，通知要求，各参与机构应按照监管要求及本通知规定在全国银行业理财信息登记系统登 记相关信息，对登记信息的真实性、准确性、完整性和及时性负责，并按照登记要求在理财登记中心各 业务开放时间内进行登记，超过开放时间的登记信息将顺延至下一日进行处理。 上证报中国证券网讯（记者 张琼斯）银行业理财登记托管中心有限公司日前发布关于支持养老理财业 务有关事项的通知，进一步支持养老理财业务持续健康发展。 通知明确，发行机构发行养老理财产品时，申报的理财产品名称中应带"养老"字样。发行机构登记个人 养老金理财产品子份额时，子份额应统一标识为"L份额"。个人养老金理财产品发行机构应在理财行业 平台每日登记个人养老金理财产品目录信息、产品净值信息、投资者交易明细信息和持仓信息。理财行 业平台按照要求每日将上述信息传输 ...

"随着个人养老金开户数量达到一定规模，越来越多的银行意识到，竞争的重点已从吸引更多新户转向 留住活跃用户。"苏商银行特约研究员薛洪言在受访时分析认为。 而策略调整的背后，则是个人养老金业务"开户热、缴存冷"的现象仍然存在。 从"拉新客"转向"留旧客" 从11月中旬至今，多家银行密集推出个人养老金开户、缴存福利活动。 工商银行推出"开户缴存，领立减金"活动，开户缴存最高可领取388+188元立减金。中国银行推出"开户 缴存大礼包"，活动期间开户并完成缴存任务，即可参与抽奖，最高可获618元微信立减金。 临近年末，多家银行密集加大对个人养老金开户、缴存专属优惠活动的推广力度，通过抽奖派送微信立 减金、现金红包等福利吸引客户。 《金融时报》记者在采访中发现，与往年不同的是，银行营销策略重点不再是"拉新客开户"，而是侧重 于"留客活客"。 推广策略的调整，意欲何为？ 国家鼓励、银行积极，投资者却热情不高，这是为何？ 记者发现，原因需从供给和需求两端来分析。 "个人养老金理财产品可选择 的 不多，还不如买普通金融投资产品。"北京市民胡先生的感受具有一定 代表性。在供给端，个人养老金市场上可供选择的产品同质化现象依然存在 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 本报记者 杨 洁 光大理财相关负责人对《证券日报》记者表示，《通知》的发布将为银行理财在养老金融产品体系的布 局带来新活力，为人民群众提供高品质多样化养老金融产品和服务，也为第三支柱养老保障体系注入强 劲动能。同时，个人养老金理财、养老理财将作为培育长期投资、稳健收益能力的突破口，也为资本市 场带来长期限的稳定资金，支持资本市场高质量发展。 "《通知》发布后，理财公司开展个人养老金理财业务的积极性将有所提高，长期限理财类个人养老金 产品也将加速扩容。"中国银行研究院主管级高级研究员杨娟对《证券日报》记者表示，未来，养老理 财产品还可以探索定期购买、期满转续、分红转存等多种灵活机制，满足投资者的个性化需求。 责任编辑：江钰涵 登录新浪财经APP 搜索【信披】查看更多考评等级 12月1日，中国理财网官方公众号发布消息称，11月25日，银行业理财登记托管中心有限公司（以下简 称"理财登记中心"）围绕养老理财试点扩大工作开展座谈交流，国家金融监督管理总局资管机构监管 司，前期参与养老理财试点的理财公司、商业银行，以及中央结算公司、中债金科公司等有关单位代表 人员参与此 ...

《通知》进一步丰富了养老理财产品形态。鼓励试点理财公司发行10年期以上，或者最短持有期5年以 上等长期限养老理财产品。支持试点机构依法在养老理财产品购买、赎回、分红等方面进行灵活设计， 更好匹配投资者个性化养老需求。 12月1日，中国理财网官方公众号发布消息称，11月25日，银行业理财登记托管中心有限公司（以下简 称"理财登记中心"）围绕养老理财试点扩大工作开展座谈交流，国家金融监督管理总局资管机构监管 司，前期参与养老理财试点的理财公司、商业银行，以及中央结算公司、中债金科公司等有关单位代表 人员参与此次研讨。 今年10月30日，国家金融监督管理总局发布《关于促进养老理财业务持续健康发展的通知》（以下简称 《通知》）。《通知》共二十二条，包括稳步扩大养老理财产品试点、不断完善养老理财产品设计、探 索提供多样化养老金融服务、持续完善内部管理机制、积极支持养老产业发展、切实加强风险管理等六 方面要求。 据悉，前述座谈交流会上，国家金融监督管理总局资管机构监管司就《通知》有关精神和意义进行解 读，对理财公司及银行机构在产品设计、投资管理、销售管理和投资者适当性管理等方面进行进一步说 明，并对机构提出的相关问题进行 ...

Core Insights - The National Financial Regulatory Administration has issued a notification to promote the sustainable and healthy development of pension financial products [1][2] - The expansion of the pension financial pilot program is crucial for addressing the challenges posed by an aging population and enhancing the third pillar of pension support [2] Group 1: Notification and Implementation - The notification aims to guide financial institutions in product design, investment management, sales management, and investor suitability management [1] - A meeting was held to discuss the implementation of the notification, involving representatives from various financial institutions and regulatory bodies [1][2] Group 2: Industry Impact and Statistics - The pension financial product scale reached 1,064 billion yuan, while personal pension financial products totaled 167 billion yuan, with over 1,200 billion yuan issued in total as of October 2025 [2] - The regulatory body emphasizes the importance of the notification for supporting the development of personal pension businesses and enhancing the quality of the financial industry [2]

Core Insights - The personal pension system in China is entering its third year since the pilot launch on November 25, 2022, with banks and financial institutions actively promoting pension contributions and related services [1][4][5] Group 1: Marketing Strategies - Banks have shifted their marketing focus from account opening to encouraging contributions, with various rewards for depositors [4] - For instance, China Construction Bank offers up to 656 yuan in benefits for contributions, while Industrial Bank provides chances to win up to 609.68 yuan [4] - Many banks have implemented tiered reward systems for contributions, incentivizing higher deposits with increased rewards [4] Group 2: Product Performance - Personal pension financial products have shown an average return of over 3%, with pension funds averaging a return of 13.54% since inception [1][11] - As of November 26, 2023, the average annualized return for personal pension financial products is 3.47%, with fixed-income products averaging 3.55% [9] - The performance of pension funds has been notably strong, with 305 funds achieving an average return of 13.54% since inception, and some index funds yielding returns as high as 22.21% this year [11][12] Group 3: Product Offerings - The range of personal pension products is expanding, with 37 financial products, 305 funds, 466 savings products, and 437 insurance products available as of November 26 [7] - Starting June 2026, savings bonds will be included in the personal pension product catalog, enhancing investment options for consumers [7] Group 4: Risk Profile - Approximately 67.57% of personal pension financial products are classified as low to medium risk, primarily consisting of fixed-income products [9] - The overall risk profile aligns with the conservative nature of pension investments, catering to investors' lower risk tolerance [9]

Core Insights - The personal pension system in China is entering its third year since the pilot launch on November 25, 2022, with banks and financial institutions actively promoting pension deposit activities to retain customers [1][2] - Personal pension financial products have shown promising returns, with an average yield of 13.54% since inception for pension funds and over 3% for pension financial products [1][8] Marketing Strategies - Banks have shifted their marketing focus from opening new accounts to incentivizing contributions, offering various rewards for depositors [2] - For example, China Construction Bank offers up to 656 yuan in rewards for contributions, while Industrial Bank provides opportunities for rewards up to 609.68 yuan [2] Product Offerings - The range of personal pension products is expanding, with 37 pension financial products, 305 fund products, 466 savings products, and 437 insurance products available as of November 26 [5] - Starting June 2026, savings bonds will be included in the personal pension product catalog, enhancing investment options for consumers [5] Performance Metrics - The majority of personal pension financial products are categorized as low to medium risk, with 67.57% classified as such, and 83.78% being fixed-income products [6] - The average annualized return for pension financial products since inception is 3.47%, with fixed-income products yielding an average of 3.55% [6] Fund Performance - Personal pension funds have performed well, with an average return of 13.54% since inception and 13.4% year-to-date [8] - Index funds, particularly those related to the STAR Market and ChiNext, have shown significant returns, with some achieving over 22% this year [8][9] Future Outlook - The personal pension market is expected to continue growing, driven by increasing investor participation and a broader array of investment products [2][5]

Core Viewpoint - The recent announcement by the Ministry of Finance and the People's Bank of China to include electronic savings bonds in the personal pension product range marks a significant expansion of investment options for pension investors, creating a diversified product landscape that combines insurance, wealth management, funds, savings, and bonds [1][2][4]. Group 1: Announcement Details - The notification states that institutions must start offering personal pension savings bonds (electronic) services by June 2026 [2][3]. - Institutions are required to open dedicated pension bond accounts for investors to record their purchases and holdings of electronic savings bonds [2][5]. - The notification emphasizes that the basic distribution quota obtained by institutions cannot be sold to pension investors [5]. Group 2: Market Response and Implementation - Many major banks have not yet received specific instructions regarding the new service, although some have indicated plans to offer it [3][4]. - The notification requires institutions to expedite the development of business plans and system integration to ensure a smooth launch of the new service [5]. Group 3: Current Product Landscape - As of November 24, there are 437 personal pension insurance products, 37 wealth management products, 305 fund products, and 466 savings products available [6]. - The first batch of personal pension wealth management products was launched in February 2023, indicating ongoing expansion in this area [7]. - Personal pension funds reached a scale of 151.11 billion yuan by the end of the third quarter, reflecting a growth of 65.3% since the beginning of the year [8].

Core Insights - The Ministry of Finance and the People's Bank of China announced that starting from June next year, personal pension savings bonds (electronic) will be included in the range of personal pension products, allowing pension investors to purchase these bonds through designated institutions [1][2] - Personal pensions are a government-supported, voluntary supplementary pension system that allows individuals to choose from various compliant financial products, including savings deposits, wealth management products, commercial pension insurance, public funds, and government bonds [1] - As of the end of June, over 1.439 million investors had opened personal pension wealth management product accounts, representing a 46.2% increase since the beginning of the year, with these products generating over 390 million yuan in returns for investors [1] Industry Implications - The inclusion of savings bonds is expected to address the current "mismatch of terms" issue, aligning with the long-term investment characteristics of pension funds and optimizing asset allocation structures [1] - The notification mandates that institutions must establish dedicated accounts for pension investors to record their purchases and holdings of savings bonds, ensuring proper tracking and management [2] - Institutions are required to expedite the development of business plans and system integration to ensure a smooth launch of the personal pension savings bond business [2]

Core Insights - The personal pension system has shown steady growth in product offerings, account numbers, and investment scale, with a total balance of 110.36 billion yuan in personal pension financial products as of June this year [1][2][4] - The recent notification from the National Financial Regulatory Administration to expand the pilot areas for pension financial products nationwide is expected to inject strong momentum into the development of the pension financial business [1][7] Investment Performance - Personal pension financial products have generated over 390 million yuan in returns for investors, with an average annualized return rate exceeding 3.4% [1][4] - The performance of these products is attributed to sound investment strategies, optimized asset allocation, and strict risk control systems, supported by favorable policies [4][7] Market Expansion - The number of personal pension financial products has reached 37, indicating a rich and diverse product shelf that aids clients in achieving stable returns [2][3] - The number of account holders has surpassed 70 million, reflecting a multi-layered and widely covered market structure [2][3] Future Directions - The industry is encouraged to enhance the diversity of product offerings and to consider increasing the allocation of equity assets to improve the attractiveness of financial products [4][5][6] - There is a call for the exploration of innovative products with longer durations and targeted dates to enhance the investment experience for clients [8]