《金融时报》记者注意到，在近期召开的地方两会上，多地政府工作报告中提及"企业年金扩面"， 将其作为提升民生保障水平的重要抓手。例如，北京市提出推动企业年金和个人养老金精准扩面；浙江 省提出扩大企业年金覆盖面；广东省提出大力发展企业年金；河南省提出，深入实施企业年金扩围三年 行动、国有企业建立年金全覆盖计划。 不久前，人力资源社会保障部与财政部联合印发《关于进一步做好企业年金工作的意见》明确提 出，各类企业、社会团体、基金会、民办非企业单位以及其他符合条件的用人单位及其职工，可以按照 规定建立企业年金。 在政策支持下，企业年金将进入扩面提质的新阶段。作为企业年金市场主要的受托人与投资管理 人，保险业正通过制度创新、产品优化与长期稳健的投资策略，助力夯实居民养老财富储备。 多维创新激活中小企业参与动能 企业年金是企业及其职工在参加基本养老保险基础上自主建立的补充养老保险，由企业与职工共同 缴费，职工退休时可额外领取一份养老金。根据规定，企业缴费每年不超过上年度职工工资总额的 8%，企业与职工缴费合计不超过工资总额的12%。 作为养老保险第二支柱的重要组成部分，企业年金已成为职工养老收入的重要补充。人力资源和社 会 ...

坚持改革创新，不断补短板、强弱项，织密织牢养老保障网，必将让亿万老年群众安享幸福晚年 来自浙江的苏大叔退休4年了，每月除了基本养老金，还能领到上千元的企业年金。"退休后按月领，剩 下的钱还在账户里继续投资，长期积累下来挺可观的。"这份稳稳的"加餐"，让他的晚年生活多了一重 保障。 好政策要落地生根，关键在因地制宜。河北雄安新区在全国率先推出"企业年金自动加入机制"，允许企 业"小范围、低比例"起步，还将年金缴费与落户积分等挂钩。截至目前，当地建立企业年金的用人单位 数量较2024年底翻了两番。上海临港新片区推出"片区型人才企业年金计划"，对参加人员给予资金补 贴，企业引才留才有了新抓手。瞄准企业所需出台配套政策引导，将为企业年金扩围开辟新路径。 企业年金是职工的养老钱，保值增值至关重要。完善长周期考核机制，有助于引导基金投资布局科技创 新、绿色转型等长期赛道，既为资本市场注入耐心资本，又通过共享发展红利反哺养老保障。对专业养 老保险公司而言，长期资金规模持续扩容，既是难得的发展机遇，也是对其综合服务水平与专业能力的 检验。 也要看到，企业年金扩围不可能一蹴而就。成本压力、认知不足、地区差异等问题仍待破解。有的 ...

Core Viewpoint - Southbound funds have reduced their holdings in China People's Insurance Group (01339.HK) by 3.08 million shares on February 5, with a total net reduction of 15.3 million shares over the last five trading days and 30.44 million shares over the last 20 trading days [1] Group 1: Shareholding Changes - Southbound funds have reduced their holdings in China People's Insurance Group for 4 out of the last 5 trading days, totaling a net reduction of 15.3 million shares [1] - Over the last 20 trading days, there have been 15 days of reductions, with a cumulative net reduction of 30.44 million shares [1] - As of now, southbound funds hold 2.522 billion shares of China People's Insurance Group, representing 28.89% of the company's total issued ordinary shares [1] Group 2: Company Overview - China People's Insurance Group is a holding company primarily engaged in providing insurance products [1] - The company and its subsidiaries are involved in various insurance sectors, including property insurance, health insurance, life insurance, reinsurance, Hong Kong insurance, and pension insurance [1] - The property insurance segment includes products for both corporate and individual clients, such as motor vehicle insurance, agricultural insurance, property insurance, and liability insurance [1] - The health insurance segment focuses on health and medical insurance products [1] - The life insurance segment offers various life insurance products, including participating, whole life, annuity, and universal life insurance [1] - The Hong Kong insurance segment covers property insurance business in Hong Kong [1] - The pension insurance segment includes corporate annuities and occupational annuities [1]

企业年金作为我国养老保险体系第二支柱的关键一环，对提升职工退休后收入水平、完善多层次多支柱养 老保险体系具有重要意义。 近日，人力资源社会保障部和财政部联合发布《关于进一步做好企业年金工作的意见》（下称《意见》），从 拓宽覆盖范围、简化建制程序、灵活缴费机制等八个方面提出系统性举措。 中国太保旗下长江养老保险股份有限公司（下称"长江养老"）副总经理李敬近日接受券商中国记者采访时表 示，《意见》的出台有利于破解企业年金扩面中存在的"不知道""不愿意"与"不会干"等核心难题，推动企业年 金发展进入扩面提质新阶段。 李敬表示，公司将密切关注后续细则，同时持续参与各地企业年金扩面的创新探索，并在供给侧围绕多元化需 求探索创设新产品，积极参与到企业年金扩面提质的工作中去。 企业年金扩面进入新阶段 企业年金指企业及其职工在参加基本养老保险的基础上，通过集体协商自主建立的补充养老保险制度，是我国 多层次养老保险制度体系中第二支柱的重要组成部分。 我国企业年金制度建立已超20年。截至2025年三季度末，企业年金已经覆盖17.5万家企业和3300多万职工，积 累基金超4万亿元，在助力多层次养老保障体系建设方面发挥了重要作用。与 ...

Core Viewpoint - The recent guidelines issued by the Ministry of Human Resources and Social Security and the Ministry of Finance aim to expand the coverage of enterprise annuity systems, simplifying the establishment process to enhance retirement security for more workers [4][6]. Group 1: Enterprise Annuity Overview - The enterprise annuity system, initiated in 2004, serves as a supplementary pension scheme, providing additional income beyond the basic pension for participants [5]. - As of the third quarter of 2025, there are 175,000 employers with 33.32 million employees participating in the enterprise annuity system, accumulating a fund of 4.09 trillion yuan [6][11]. Group 2: Benefits and Features of Enterprise Annuity - Participation in enterprise annuities allows employees to smooth income over time and enhances retirement income levels, while employers can attract and retain talent [6]. - The new guidelines allow employers to contribute up to 8% of the total wages of employees participating in the annuity, with a combined contribution limit of 12% from both employers and employees [7][8]. Group 3: Flexibility and Accessibility - The guidelines promote inclusivity by allowing various types of organizations, including social groups and private non-enterprise units, to establish enterprise annuities [7]. - Employers can choose between a single plan or participate in a collective plan initiated by a trustee organization, facilitating easier establishment for small and medium enterprises [8][9]. Group 4: Investment and Returns - The average annual investment return for enterprise annuity funds from 2007 to 2024 is reported at 6.17%, with a cumulative return of 12.08% over the last three years [11]. - The guidelines emphasize the importance of regulatory oversight and risk management to ensure the safe and effective operation of enterprise annuity funds [11].

Core Viewpoint - The article discusses the challenges of aging population in Shanghai and the need for innovative pension finance solutions during the "14th Five-Year Plan" period to address these challenges effectively [3]. Group 1: Action Plan Overview - The Shanghai Banking and Insurance Regulatory Bureau released the "Action Plan for High-Quality Development of Pension Finance" which outlines a clear development blueprint and practical path for pension finance over the next five years [3][4]. - The plan aims to establish a comprehensive pension finance work mechanism, diversify pension financial products, and create a replicable and scalable pension finance system [3][4]. Group 2: Goals and Targets - The action plan sets specific goals for the next five years, including significant achievements in pension finance development, a unique pension management system, and a robust risk prevention and regulatory framework [3][5]. - It emphasizes that the growth rate of loans to the pension industry should exceed the overall loan growth rate [3]. Group 3: Key Measures - The action plan proposes 20 measures across six areas: building a pension security system, strengthening support for the pension industry, meeting financial needs of the elderly, improving internal governance of financial institutions, enhancing business regulation, and establishing collaborative mechanisms [4][6]. - It supports various financial institutions in managing basic pension insurance funds and increasing resources for enterprise annuities and occupational pensions [5]. Group 4: Financial Support for Pension Industry - The plan emphasizes increasing financial support for the pension industry, encouraging banks to innovate credit models and allocate long-term funds for health and pension facilities [6]. - It also promotes the use of financial tools like REITs and ABS to provide stable funding for the pension industry, which is expected to see more projects led by large insurance companies and brand operators in the coming years [6]. Group 5: Product Supply and Governance - The action plan calls for banks and insurance institutions to offer comprehensive pension financial solutions, transitioning from single product services to a comprehensive service ecosystem [7]. - It encourages the establishment of specialized departments for pension finance within financial institutions and the creation of a Shanghai Pension Finance Alliance for dynamic monitoring and evaluation [7].

Core Insights - Shanghai is facing significant aging challenges and has launched a comprehensive action plan to develop a distinctive commercial pension finance system during the 14th Five-Year Plan period [1] Group 1: Action Plan Overview - The Shanghai Banking and Insurance Regulatory Bureau has released the "Action Plan for High-Quality Development of Pension Finance in Shanghai," outlining a clear roadmap for the next five years [1] - The plan aims to establish a robust pension finance mechanism, diversify pension financial products, and create a replicable and scalable pension finance system [1] - Key goals include ensuring that the growth rate of pension industry loans exceeds that of other loans, thereby addressing the challenges and opportunities posed by an aging population [1] Group 2: Pension Security System - The action plan addresses the three pillars of China's multi-tiered pension security system, focusing on enhancing the first pillar through participation from banks and insurance companies in basic pension fund management [2] - For the second pillar, it emphasizes increased resource allocation by banks and insurance institutions towards enterprise annuities and occupational annuities [2] - The third pillar aims to expand personal pension accounts and innovate products to steadily grow account numbers and fund sizes [2] Group 3: Financial Support for Pension Industry - The action plan calls for increased financial support for the pension industry, encouraging banks to innovate credit models and allocate long-term funds for health and pension facility construction [3] - Insurance institutions are guided to provide stable funding through equity investments and REITs, while trust institutions are encouraged to offer customized services [3] - The market is expected to see a rise in pension REITs and asset-backed securities (ABS) as common financial tools for the pension industry [3] Group 4: Product Supply and Governance - The action plan requires banks and insurance institutions to offer comprehensive pension financial solutions, transitioning from single product services to a comprehensive service ecosystem [4] - It encourages the establishment of specialized departments or mechanisms for pension finance within financial institutions [4] - The plan also explores the creation of a Shanghai Pension Finance Alliance and a dynamic monitoring and evaluation mechanism for pension finance development [4]

Core Viewpoint - The recent issuance of the "Opinions on Further Improving Enterprise Annuity Work" by the Ministry of Human Resources and Social Security and the Ministry of Finance aims to enhance the income level of retirees by optimizing the enterprise annuity system [1] Group 1: Expansion of Coverage - The new policy focuses on broadening the coverage and simplifying the establishment procedures of enterprise annuities, making them more accessible and manageable [1][3] - As of Q3 2025, there are 175,000 employers with enterprise annuities, covering 33.32 million employees and accumulating funds of 4.09 trillion yuan, indicating a growing supplementary pension function [2] Group 2: Simplification of Procedures - The "Opinions" introduce innovative policies to simplify the establishment process of enterprise annuities, allowing for more flexible methods of establishment and contribution [4] - The policy allows enterprise annuity plans to be approved through various democratic processes, not just through employee representative assemblies, making it easier for smaller organizations to implement [5] Group 3: Attractiveness of Enterprise Annuities - Enterprise annuities are seen as a crucial component for providing material support for a high-quality life in old age and should be regarded as an important investment in human capital [6] - The changing labor supply dynamics due to declining birth rates necessitate more attractive employee benefits, with enterprise annuities being a key option for retaining talent [7]

长沙晚报掌上长沙1月22日讯（全媒体记者 刘攀 通讯员 严晓玲）22日，由长沙市人社局主办的长沙市多层次多支 柱养老保险体系政策推介会召开，来自政府部门、企事业单位、金融机构的200余位代表齐聚一堂，通过政策解 读、经验分享、实地体验等形式，推动养老保险体系建设向纵深发展。 随着人口老龄化程度不断加深，单纯依靠基本养老保险"第一支柱"已难以满足人民群众日益增长的多样化、品质 化养老需求，而年金和个人养老金作为"第二支柱"和"第三支柱"，能够有效弥补基本养老保险的不足，为积极应 对人口老龄化提供坚实的制度保障。 目前，长沙通过政府、企事业单位、金融机构、个人四方协同发力，已初步建成并持续完善以基本养老保险为基 础、企业（职业）年金为补充，与个人养老金和商业养老保险相衔接的多层次多支柱养老保险体系。截至2025年 底，全市基本养老保险参保人数已达842万人；基本实现有条件的国有企业企业年金全覆盖，民营企业企业年金深 入推进；个人养老金稳步发展，开户数达到268万。 会上，市人社局相关负责人详细介绍了企业年金和个人养老金作为养老保险体系的第二、第三支柱的具体政策内 容、参保条件、缴费标准及税收优惠政策。泰康养老保险 ...

Core Viewpoint - The Shanghai Financial Regulatory Bureau has issued the "Action Plan for the High-Quality Development of Pension Finance in the Banking and Insurance Sectors," aiming to establish a comprehensive pension management system and enhance financial services for the elderly population [1][2]. Group 1: Pension System Development - The plan emphasizes the construction of a multi-tiered pension security system, supporting basic pension insurance, enterprise (occupational) annuities, and personal pension accounts [2][3]. - Financial institutions are required to optimize service environments and enhance the safety of pension fund management, while increasing resource allocation for enterprise and occupational annuities [2][3]. Group 2: Financing and Risk Protection for the Elderly Industry - The plan calls for increased financial support for the elderly industry, encouraging banks to innovate credit models and allocate long-term funds effectively [3]. - Insurance institutions are guided to provide stable funding through equity investments and REITs, while trust institutions are encouraged to offer customized services [3]. Group 3: Product Supply and Service Experience - Financial institutions are urged to develop comprehensive pension financial solutions, transitioning from single product offerings to a holistic service ecosystem [3]. - There is a focus on creating a product spectrum that covers all aspects of the elderly's financial lifecycle, including preparation, wealth accumulation, consumption, and risk protection [3]. Group 4: Internal Governance and Regulation - The plan highlights the need for improved internal governance within banking and insurance institutions, promoting the establishment of specialized departments for pension finance [4]. - Regulatory frameworks for pension finance will be refined to ensure compliance and protect the rights of the elderly population [4]. Group 5: Collaborative Mechanisms - A multi-party collaborative mechanism involving government, regulatory bodies, financial institutions, and industry organizations will be established to foster innovation and policy coordination [4]. - The aim is to create a favorable ecosystem for pension finance innovation and enhance Shanghai's role as a leader in this sector [4]. Group 6: Implementation and Future Steps - The Shanghai Financial Regulatory Bureau will guide local banking and insurance institutions to implement the 20 policy measures outlined in the action plan, leveraging financial advantages and technological empowerment [5].