Core Viewpoint - The personal pension wealth management products in China are expanding for the ninth time, with 37 new products being introduced, including two from China Post Wealth Management with minimum holding periods of 18 months and 2 years [1][3]. Product Details - The newly added products are "Tianyi·Hongjin Minimum Holding 2 Years No.1 (Anying Fund)" and "Tianyi·Hongjin Minimum Holding 18 Months No.1 (Anying Fund)" [2]. - Both products have a risk level classified as level two (medium-low) and are primarily fixed-income investments, focusing on bonds with a small allocation to equity and derivative assets [3][5]. Performance Metrics - The performance benchmark for the new products is structured as an index combination rather than a simple range, enhancing transparency and reflecting the relationship between investment strategies and market performance [3][5]. - The benchmark for "Tianyi·Hongjin Minimum Holding 2 Years No.1 (Anying Fund)" is calculated as: personal demand deposit rate * 10% + CSI 300 Index return * 5% + China Bond - New Comprehensive Wealth (1-3 years) Index return * 85% [3]. Market Context - As of August 29, 2023, there are 1,135 personal pension products available, with only 37 being wealth management products, indicating a relative scarcity in this segment [6]. - The current market for personal pension wealth management products is characterized by a high degree of homogeneity, with most products being medium-low risk fixed-income products [6][11]. Investor Sentiment - The average annualized return for personal pension wealth management products has been reported at over 3.4%, with a total return exceeding 3.9 billion yuan for investors [7][11]. - The awareness and acceptance of personal pension wealth management products among individual investors are increasing, with total balances exceeding 151.6 billion yuan, marking a 64.7% growth since the beginning of the year [11].

Core Insights - The recent addition of two personal pension wealth management products by China Post Wealth Management has increased the total number of such products to 37 [1][4] - The new products are designed with holding periods of 18 months and 2 years, maintaining a risk level classified as medium-low [2][3] - The overall market for personal pension wealth management products has shown stable returns, with an average annualized net asset value growth rate of 3.65% [4][5] Product Details - The newly launched products include the China Post Wealth Management Tianyi·Hongjin 18-month holding period product and the 2-year holding period product, both categorized under medium-low risk [2][3] - The range of products now includes various holding periods from 1 year to 5 years, catering to different investor needs and age groups [3] Market Performance - As of August 25, the average net asset value growth rate for 30 personal pension wealth management products has been 7.51%, with all products achieving positive returns [4] - The investment strategy for these products focuses on low volatility and stable returns, primarily investing in fixed-income assets while allowing a small portion in equities [5][6] Industry Context - The personal pension system was rolled out nationwide in December 2022, leading to an increase in the supply of pension wealth management products [4] - The market is supported by various stakeholders, including policies and financial institutions, which are expected to drive the stable development of the pension wealth management sector [6]

Group 1 - The core viewpoint of the article is the expansion of personal pension financial products in China, with the total number reaching 37 after the addition of two new products by China Post Wealth Management [1][2] - The newly launched products are designed with holding periods of 18 months and 2 years, both classified as level two risk (medium-low), focusing on low volatility and stable returns [2][4] - The investment strategy for these products includes at least 80% allocation to low-risk fixed income assets and up to 20% in equities, aiming to reduce volatility and enhance investor experience [2][6] Group 2 - As of August 2025, the scale of personal pension financial products from China Post Wealth Management is expected to exceed 20 billion yuan, with nearly 400,000 investors involved [4][5] - The average annualized net value growth rate for personal pension financial products is reported at 3.65%, with a total average net value growth rate of 7.51% since inception for the existing products [5][6] - The overall investment focus of personal pension financial products is on bond assets, which have yielded good returns, while also incorporating a certain proportion of equity assets for long-term stable income [6]

【导读】上新！个人养老金理财扩容至37只 中国基金报记者 李树超 近日，中国理财网发布的第九批个人养老金理财产品名单显示， 中邮理财新增2只个人养老金理财产品， 至此，个人养老金理财产品总数 量已达37只。 延续"低波稳健"的核心定位 中邮理财新增的两只个人养老金理财产品为中邮理财添颐·鸿锦最短持有18个月1号（安盈款）人民币理财产品、中邮理财添颐·鸿锦最短持 有2年1号（安盈款）人民币理财产品，分别设置了18个月、2年的持有期，风险等级均为二级（中低）。 从投资方向看，上述新产品延续"低波稳健"的核心定位，不低于80%投资较低风险的固定收益类资产，积累票息收益；不高于20%投资收 益弹性较强的权益类资产，并采用增配优先股、对冲工具等方式，力争降低组合波动，提 升 投资者持有体验。 | 30 | Z7001922000271 | 邮银财富添顾 ·鸿锦最短持有 365 天 1 号 | 二级(中低) | L 份额 | | | --- | --- | --- | --- | --- | --- | | | | 邮银财富添颐 ·鸡锡最短持有 | | | | | 31 32 | Z7001922000272 Z7001 ...