Core Viewpoint - The article emphasizes the importance of integrating the spirit of Zhang Fuqing into the operations of the Bank of China Shandong Branch, highlighting its role in enhancing financial services to support local economic development and rural revitalization [1][2][4]. Group 1: Learning and Integration of Zhang Fuqing's Spirit - The Shandong Branch has established a regular learning program centered around the life and values of Zhang Fuqing, aiming to transform this spirit into actionable practices that enhance service quality and business development [2][3][4]. - The branch organizes monthly themed activities to instill the values of Zhang Fuqing among its staff, promoting a culture of dedication and service to the community [2][3]. - Various departments collaborate to explore and implement innovative financial solutions that align with the principles of Zhang Fuqing, thereby enhancing the effectiveness of their services [3][4]. Group 2: Financial Services and Rural Revitalization - The Shandong Branch has prioritized rural revitalization as a key area for financial services, forming partnerships to address challenges faced by rural communities [3][5]. - Initiatives include providing significant credit support, such as a 20 million yuan loan to the pig farming industry in Feixian, which has led to increased production and profitability for local farmers [5]. - The branch actively engages in community outreach, offering tailored financial consultations and promoting policies that benefit local enterprises and consumers [7]. Group 3: Innovation in Financial Products and Services - The Bank of China Shandong Branch has launched various innovative financial products, including digital currency bonds and consumer protection initiatives, to stimulate local consumption and support technological advancements [5][6]. - The branch has established a comprehensive financial service system that includes a "Financial Service Station" to provide on-site consultations and promote financial literacy among consumers [7]. - The focus on technology and green finance has positioned the branch as a leader in sustainable financial practices, with a notable increase in green loans and personal pension accounts [6][7].

证券研究报告 晨会 hyzqdatemark 2025 年 06 月 29 日 投资要点： 资料来源：聚源，华源证券研究所，截至2025年06月27日 华源晨会精粹 20250629 固定收益 养老理财稳中求进，未来可期——中国个人养老金演进与养老理财透视： 我国个人养老金制度全面实施已有半年，我国养老金理财产品正以低风险、稳健收 益为核心优势，在多层次养老体系中快速崛起，展现出"稳中求进、未来可期"的 投资潜力。目前我国的养老金体系以国际通行的"三支柱"为骨架，构建起了多层 次的养老保障体系。个人养老金市场已形成清晰的分层竞争生态。截至 25 年 5 月末， 四大类产品（数量占比：储蓄 45%、基金 29%、保险 23%、理财 3%）构成个人养 老金产品的完整矩阵，头部机构凭借全品类布局抢占先机。养老理财产品业绩表现 稳健，收益率领先同业。国际比较而言，国内养老金产品更加注重稳健。 风险提示：经济增长超预期导致债市调整的风险；理财行业监管政策调整的风险； 可能存在数据错误及测算错误，测算的规模及占比可能与实际情况存在差异。 北交所 2025 年中期北交所投资策略：从"出圈"到"出彩"，稀缺铸锚、主题弄 潮： ...

Core Viewpoint - The article highlights the rapid growth and development of BlackRock China Asset Management, emphasizing its ambitious goals and strategic focus on enhancing investment management capabilities and expanding product offerings in the wealth management sector. Group 1: Company Achievements - Since its establishment, BlackRock China Asset Management has achieved a remarkable growth in assets under management, reaching 40 billion yuan, with a target to double this figure by the end of 2024 [1][3] - The company has developed eight product systems covering four risk levels, issuing a total of 288 products, with a high performance and compliance rate [1][3] - The company has a 99% compliance rate for its fixed-income closed-end products due in 2024, and its first pension product has achieved an annualized return of over 5% since its inception [3][8] Group 2: Strategic Focus - The company aims to leverage the resources of its three shareholders to deepen its market presence in China, focusing on fixed income, pension, and overseas investment areas [2][5] - The development strategy emphasizes strengthening the basic product offerings while innovating in niche areas, particularly in low-risk products and multi-asset investments [5][6] Group 3: Investment Management Capabilities - BlackRock China Asset Management is committed to enhancing its core investment management capabilities, including risk management and product design, to ensure sustainable growth [7][8] - The company integrates advanced investment strategies from its parent company, BlackRock, to improve operational efficiency and investment decision-making [4][9] Group 4: Pension Financial Services - The company is uniquely positioned in the pension financial sector, being the only joint venture with dual qualifications for pension management and personal pension products [8][9] - The pension products are designed with differentiated asset allocation strategies to cater to varying risk appetites, with a focus on long-term returns and risk control [9][10] - BlackRock China Asset Management is conducting nationwide research on pension financial needs to better understand investor requirements and enhance service offerings [10]

随着我国步入中度老龄化社会，如何让人人老有所养、老有所依成为全社会的共答题。养老离不开资金支 持，金融的力量不可或缺。中国银行谋定而先动，以"备老+养老"的全年龄段金融服务供给，构建一站式养 老个人金融体系。 截至2025年4月末，中国银行累计为千万客户提供个人养老金服务，在售271只个人养老金产品，企业年金个人 账户数、年金托管资金规模分别排名全市场第二、第三。数据增长背后，得益于中国银行立足"养老金融领先 银行"发展目标，围绕群众多元化养老需求的积极探索，通过持续创新金融产品和服务，打造陪伴式服务， 从"备老"到"养老"，让金融服务落在实处、更有温度。 以备老思路服务客户：助力做好养老规划 打开中国银行的手机银行APP，输入"养老规划"关键词搜索，APP会立即跳转到新页面，用户可以输入退休年 龄、所在地，以及自己所期望的退休养老生活标准，一键测算退休待遇、计算养老资金缺口，系统还会给出个 人每年所需存钱金额的财务规划建议。这项服务功能对中青年来说尤其"友好"，也体现出养老金的本质——早 规划、持续投入，以"备老"思路未雨绸缪。 从"养老"到"备老"，中国银行的养老服务不仅聚焦于当下的养老需求，更着眼于客户 ...

● 本报记者 吴杨 科技领域是重要布局方向 作为金融行业的重要组成部分，当前资产管理机构在满足居民财富管理需求、服务实体经济高质量发展 等方面发挥积极作用。 降低产品费率、多元化资产配置、提升投资者服务水平……近年来，理财行业经营发展出现新特色。自 5月7日科技创新债券的一揽子配套政策发布以来，"支持科创债"成为更关键的核心词汇。 理财公司正以独特优势担当新使命。中银理财副总裁蒋海军日前接受中国证券报记者采访时表示，理财 公司基于广泛的投资者群体和丰富的产品类型，在做好金融"五篇大文章"、助力建设金融强国方面大有 可为。数据显示，2025年一季度末，理财产品存续规模达29.14万亿元。银行理财产品通过投资债券、 非标准化债权、未上市股权等资产，支持实体经济资金规模约20万亿元。 在蒋海军看来，理财产品的定位主要在于获取稳健回报。理财公司积极做好资产配置，着力保持收益稳 定、风险可控，通过投资于国民经济和社会发展的重点领域、薄弱环节，落实国家重大战略，并实现相 应回报。在践行金融工作的政治性同时，理财产品通过在各个市场投资重点行业资产，能够分享我国经 济发展转型的红利，从而有助于为投资者创造收益，也切实体现了金 ...

证券研究报告·行业深度 养老金融 2024 年 4 季度跟踪 报告 核心观点 此次养老金融季度跟踪报告要点：一是随着个人养老金制度 从 36 个先行城市推广至全国，24Q4 末个人养老金基金规模和个 人养老金理财累计销售规模分别同比+51.7%、+373.7%。二是指 数基金纳入个人养老金产品目录后，24Q4 末个人养老金基金产 品数量同比+59.2%、环比+43.9%。三是《关于推动中长期资金入 市工作的实施方案》发布，提出稳步提升社保基金股票类资产投 资比例，细化明确社保基金五年以上、基本养老保险基金投资运 营三年以上长周期考核机制，加快出台企（职）业年金基金三年 以上长周期考核指导意见；支持具备条件的用人单位探索放开企 业年金个人投资选择，鼓励企业年金基金管理人开展差异化投 资。 摘要 本期报告的核心数据如下： 第一支柱：截至 24Q4，基本养老保险基金委托投资规模为 2.3 万亿元，同比+23.7%，环比+21.1%。 第三支柱：截至 24Q4，个人养老金基金产品规模为 91 亿 元，同比+51.7%，环比+24.5%；单四季度，个人养老金基金的 规模加权平均收益率（非年化）同比+3.01pct 至- ...