Core Points - Guangdong Province has issued its first dedicated policy for promoting high-quality development in pension finance, aiming to establish a distinctive pension finance system by 2028 [1][2] - The implementation plan emphasizes the active participation in national basic pension insurance fund investments and the enhancement of quality investment project reserves in Guangdong [1] - The plan outlines the development of long-term care insurance and the establishment of a standardized management system for long-term care service institutions [2] Group 1 - The implementation plan aims to enrich pension financial products and services, focusing on the development of the first, second, and third pillars of pension insurance [1][2] - It encourages enterprises to establish enterprise annuities and promotes the development of third-pillar pension financial products tailored to local needs [1] - By 2028, the plan envisions a widespread awareness of pension finance and an effective improvement in the supply level of pension finance across the province [1] Group 2 - The plan supports the construction of a provincial pension finance demonstration model in Guangzhou and aims to include cities like Shenzhen, Foshan, Dongguan, and Zhuhai in national specific pension savings pilot programs [2] - It promotes cross-border pension services in the Guangdong-Hong Kong-Macao Greater Bay Area, including integrated services for Hong Kong and Macao seniors [2] - The plan encourages the development of innovative insurance products and services that facilitate cross-border financial cooperation and regulatory collaboration in the Greater Bay Area [2]

Core Viewpoint - The Guangdong Provincial Financial Regulatory Bureau has released an implementation plan aimed at promoting high-quality development of pension finance in the region, emphasizing collaboration within the Greater Bay Area [1] Group 1: Policy Initiatives - The implementation plan highlights the need to deepen the pension finance cooperation mechanism among Guangdong, Hong Kong, and Macau [1] - It supports the establishment of an insurance innovation development pilot zone in Shenzhen to accelerate the connectivity of the insurance market within the Greater Bay Area [1] Group 2: Financial Services - Financial institutions in Guangdong are encouraged to provide integrated services for elderly residents from Hong Kong and Macau, including cross-border medical insurance, pension withdrawals, trust planning, retirement financial management, and expense settlement [1] - The plan aims to promote more pension financial products to be included in the Greater Bay Area's "Cross-border Wealth Management Connect" pilot program [1] Group 3: Innovation and Collaboration - The initiative seeks to explore new collaborative models for pension finance, capital connectivity, and regulatory coordination within the Greater Bay Area [1] - It aims to accelerate the formation of a cross-border pension finance innovation demonstration [1]