转自：新华财经 新华财经北京11月25日电（刘润榕）人民银行25日开展3021亿元7天期逆回购操作，操作利率1.40%，与前次持平；鉴于当日有9000亿元1年期中期借贷便 利（MLF）和4075亿元7天期逆回购到期，公开市场实现净回笼10054亿元。 上海银行间同业拆放利率（Shibor）延续窄幅震荡。具体来看，隔夜Shibor与前日持平，报1.3160%；7天Shibor下跌1.40BP，报1.4330%；14天Shibor下跌 0.20BP，报1.5400%。 上海银行间同业拆放利率（11月25日） 银行间质押式回购市场方面，短期资金价格整体小幅回落，R007成交额占比高位徘徊。具体看，DR001、R001加权平均利率分别下行0.1BP、0.5BP，报 1.318%、1.3843%，成交额分别减少1529亿元、409亿元；DR007、R007加权平均利率分别下行1.6BP、3.3P，报1.4541%、1.5238%，成交额分别增加347 亿元、122亿元；DR014、R014加权平均利率分别下行1.1BP、1.2BP，报1.5317%、1.533%，成交额分别减少66亿元、64亿元。 货币市场利率（11月 ...

（文章来源：上海证券报） 养老金融产品创新稳步推进，截至10月末，深圳个人养老金开户数599.3万户，累计缴存资金77.2亿元， 位居全国前列；四家商业养老金试点公司在深圳均有业务，前三个季度累计开立商业养老金12.75万 户，销售规模208.85亿元。 新华财经上海11月25日电（记者徐潇潇）11月25日，记者在深圳金融监管局组织召开2025年"凝聚改革 共识提振发展信心"第四场新闻发布会上了解到，2025年1-10月，深圳辖内保险业积累人身险及长期健 康险责任准备金余额7580.97亿元，累计赔付支出616.64亿元。深圳保险业全力应对多轮台风暴雨灾害， 前10个月累计接到相关报案超5700件，估损金额超1.1亿元，有效发挥经济减震器和社会稳定器作用。 ...

人民财讯11月25日电，深圳金融监管局11月25日组织召开2025年"凝聚改革共识 提振发展信心"第四场 新闻发布会，该局相关负责人透露，截至10月末，深圳个人养老金开户599.3万户，累计缴存资金77.2亿 元，位居全国前列；四家商业养老金试点公司在深均有业务，前三个季度累计开立商业养老金12.75万 户，销售规模208.85亿元。 责任编辑：王馨茹 ...

近日，广东省地方金融管理局印发《广东省推动养老金融高质量发展的实施方案》。 该方案提出了广东省养老金融工作目标——到2028年，广东特色养老金融体系基本建立；到"十五五"规 划末，基本实现养老金融和养老事业、银发经济高质量发展的良性循环。 近期，各地陆续出台一系列新政，部署养老金融在"十五五"规划中的重点任务。记者调研发现，各地均 强调银行业在做好养老金融大文章中的重要作用，而银行业在养老金融市场中也存在诸多潜在机遇。 各地实施方案指引方向 此前，国家金融监督管理总局办公厅印发了《银行业保险业养老金融高质量发展实施方案》。各地积极 响应，纷纷结合当地实际出台具体实施方案。中国证券报记者梳理后发现，北京、重庆、广东等多地行 动方案均强调了银行业在做好养老金融大文章中的重要作用。 北京市支持银行机构为养老机构、区域养老服务中心和社区养老服务驿站建设，开发符合其经营特点的 中长期信贷创新产品，支持银行机构积极用好各类政策，为银发经济市场主体创新创业提供低成本、低 门槛、更友好的金融产品和服务。 重庆市鼓励银行信贷支持纳入"城市更新"的社区适老改造、智慧养老设备研发制造，以及利用存量场所 改建养老服务设施等领域发展。 ...

近日，广东省地方金融管理局印发《广东省推动养老金融高质量发展的实施方案》。 该方案提出了广东省养老金融工作目标——到2028年，广东特色养老金融体系基本建立；到"十五五"规 划末，基本实现养老金融和养老事业、银发经济高质量发展的良性循环。 近期，各地陆续出台一系列新政，部署养老金融在"十五五"规划中的重点任务。记者调研发现，各地均 强调银行业在做好养老金融大文章中的重要作用，而银行业在养老金融市场中也存在诸多潜在机遇。 北京市出台的指导意见提出，稳步推进银行保险机构丰富具有国家税收优惠政策支持的个人养老金产 品、专属商业养老保险、养老理财产品、养老保险公司商业养老金等第三支柱金融产品供给。 重庆市鼓励金融机构为老年群众开通金融服务"绿色通道"，支持银行机构创新覆盖主要养老消费场景 的"老年特色银行卡服务"应用模式。 此外，银行业对于养老体系建设、银发经济的赋能作用不可或缺。 北京市支持银行机构为养老机构、区域养老服务中心和社区养老服务驿站建设，开发符合其经营特点的 中长期信贷创新产品，支持银行机构积极用好各类政策，为银发经济市场主体创新创业提供低成本、低 门槛、更友好的金融产品和服务。 重庆市鼓励银行信贷支持 ...

2025年的养老险市场，像一场正在进行的"战略大考"。《养老保险公司监督管理暂行办法》（以下简称 《暂行办法》）设置的三年过渡期马上进入倒计时，养老险公司短期健康险业务调整接近尾声，第二、 第三支柱的主赛道愈发清晰。可以说，专业养老险公司的转型不再是选择题，而是回归养老主业的必答 题。 目前，多家养老险公司已披露2025年三季度业绩报告，正逐步回归主业的养老险公司，探索出了怎样的 转型之路；哪些机构率先完成了转身？ 回归主业进行时 养老险公司管理的是亿万老百姓的养老钱，背后的经营表现自然备受关注，当前，2025年三季度养老险 公司成绩单陆续揭晓，不同公司表现如何？ 根据各家公司发布的偿付能力报告摘要，2025年前三季度，平安养老险、国民养老保险、泰康养老、太 平养老、新华养老、大家养老、恒安标准养老7家养老险公司实现保险业务收入合计407.33亿元。净利 润合计近50亿元。 作为衡量保险公司偿还债务能力的标尺，偿付能力充足率水平高低能看出保险公司财务稳健程度。截至 三季度末，恒安标准养老、泰康养老、国民养老保险、大家养老等综合偿付能力充足率均高于200%的 高位区间，显示出较强的资本充足度。 保费和利润，是检 ...

Core Insights - The article emphasizes the importance of developing an aging-friendly society and a multi-tiered pension security system in China as a national strategy [1] - The implementation plan for high-quality development of pension finance in the banking and insurance sectors has been introduced, focusing on the promotion of commercial insurance annuities [1] Group 1: Market Growth and Demand - Commercial pensions are playing a crucial role in the multi-tiered pension system, with a significant increase in demand reflected by the opening of approximately 1.955 million commercial pension accounts by the end of 2024, marking a nearly 230% growth compared to the end of 2023 [2] - The rapid development of commercial pension products is driven by their ability to meet the growing pension security needs of the population [2] Group 2: Product Innovation and Flexibility - The dual-account model of commercial pensions includes a "locked account" for long-term accumulation and a "continuing account" for liquidity, catering to different financial needs throughout various life stages [3] - The product system is diverse, including liquidity management, fixed income, and mixed products, with continuous innovation leading to the introduction of unique offerings such as principal-protected and target-date products [3] Group 3: Company Initiatives and Strategies - China People's Pension Insurance Co., as one of the first pilot institutions, has actively engaged in the development of commercial pensions since receiving pilot qualifications in December 2022, focusing on product innovation to meet user needs [4] - The company has launched six distinct commercial pension products, addressing the dual needs for safety and returns, particularly targeting farmers and new urban residents [4] - Efforts to reduce fees and enhance customer participation have been made, including fee waivers and preferential rates to lower the barriers for pension accumulation [4] Group 4: Customer Service and Future Outlook - In response to the significant increase in individual customers, the company has strengthened consumer rights protection and customer service systems to ensure service quality and fund security during rapid business growth [5] - Looking ahead, the company aims to expand the pilot scope of commercial pensions, enhance competition and innovation, and continue to contribute to the national multi-tiered pension insurance system [6]

Core Insights - The People's Bank of China Sichuan Branch reported a 14.8% year-on-year increase in the loan balance of the "Five Major Articles" in Sichuan province as of the end of August 2025 [1][4] - By the end of September, the total deposit balance in Sichuan reached 14.55 trillion yuan, a 10.0% year-on-year growth, with a net increase of 1.14 trillion yuan since the beginning of the year [3] - The total loan balance in Sichuan was 12.80 trillion yuan by the end of September, reflecting an 11.0% year-on-year growth, positioning it among the top provinces in the country [3][4] Financial Performance - As of the end of September, the balance of loans for the elderly care industry reached 10.4 billion yuan, marking a 36.9% year-on-year increase, significantly outpacing the overall loan growth rate by 25.7 percentage points [1][6] - The balance of inclusive small and micro loans grew by 13.0% year-on-year, with loans to small enterprises (under 10 million yuan) increasing by 21.7% [4] - The average interest rates for newly issued corporate loans, inclusive small and micro loans, and personal housing loans were 3.79%, 3.77%, and 3.14%, respectively, with year-on-year declines of 47, 49, and 19 basis points [4] Elderly Financial Services - Sichuan has established 13,000 standardized elderly-friendly bank branches to cater to the growing elderly population [5] - A special action plan titled "Silver Age Enhancement" has been developed to improve financial services for the elderly, focusing on four key areas: elderly economic development, elderly financial services, and consumer rights protection [5] - As of the end of September, 22 banks in Sichuan had issued 4.76 billion yuan in service consumption and elderly loans, along with over 20 specialized credit products for the elderly [6] Infrastructure and Support - By the end of September, Sichuan had built 218 elderly-friendly demonstration outlets and achieved full coverage of standardized outlets across the province [6] - The province has also enhanced financial services for rural elderly populations, ensuring access to pension services and investment opportunities, with rural bond sales reaching 3.13 billion yuan, a 20.3% year-on-year increase [6]

Core Insights - The financial system in Beijing is focused on high-quality development, with strong leadership from the municipal government, aiming to inject robust financial momentum into the capital's economic and social development by 2025 [1] Financial Performance - As of the first three quarters of 2025, the financial industry's added value in Beijing reached 670 billion, representing a year-on-year growth of 9%, surpassing the national average of 4.1%, and accounting for 17.4% of GDP, contributing 1.5 percentage points to the capital's economic growth [2] Risk Management and Public Awareness - The "Bee Plan" has effectively communicated financial knowledge to the public, achieving 15 billion views through various media formats, helping individuals make informed financial decisions [2] - Beijing is enhancing risk monitoring through the "Smoke Index" platform, which allows for real-time detection of potential risks in financial companies [2] Financial Innovation and Support - The financial sector is closely integrated with industry, with significant investments in technology loans (4 trillion), equity investment funds (14), and technology bonds (450 billion), facilitating the growth of innovative companies [3] - The capital market has seen the addition of 11 new listed companies in 2025, bringing the total to 795, with the Beijing Stock Exchange hosting over 270 companies and a market value exceeding 800 billion [3] Green and Inclusive Finance - Green finance initiatives are transforming pollution costs into price signals, encouraging companies to adopt sustainable practices [3] - Inclusive finance efforts have successfully connected banks with small enterprises, exemplified by a strawberry farm that improved its income through financial support [3] Pension and Digital Finance - Personal pension accounts and contributions are leading in national pilot cities, with significant assets in commercial pensions, enhancing the financial security of the elderly [3] - Digital finance is improving accessibility for international visitors and facilitating innovation through regulatory sandboxes, with numerous projects entering regular operation [3] Regional and Global Influence - The financing scale for the Beijing-Tianjin-Hebei coordinated development has surpassed 1 trillion, supporting various infrastructure and urban renewal projects [4] - An increasing number of foreign financial institutions are establishing a presence in Beijing, contributing to the city's global financial dialogue and collaboration [5] Conclusion - By 2025, Beijing's financial sector is poised to play a pivotal role in promoting sustainable development, innovation, and global engagement, reflecting a commitment to a robust and inclusive financial ecosystem [5]

Core Insights - The rapid development of fintech has led to the widespread application of intelligent and digital services in banking, but a digital divide remains a barrier for some elderly individuals to access financial services [1] - Banks are focusing on breaking this digital divide to enhance service quality and efficiency, recognizing that online channels alone cannot fully cover the elderly customer base [1][2] - Community bank branches are seen as crucial in bridging the last mile of financial services, with a particular emphasis on the elderly demographic [1][2] Group 1: Service Enhancement for the Elderly - Minsheng Bank's Beijing branch has prioritized the elderly as a key target for community services, continuously upgrading branch facilities to enhance service convenience and safety [2] - The bank has implemented various supportive measures, including "love windows" and green channels to reduce waiting times for elderly customers, as well as personalized one-on-one services [2] - All branches have met the "Beijing Banking Industry Standards for Financial Services for Visually Impaired Consumers," with 86 branches achieving the "Beijing Banking Industry Demonstration Window Service Standards" [2] Group 2: Fraud Prevention and Financial Education - The rise in illegal fundraising and telecom fraud targeting the elderly has prompted banks to take on the responsibility of safeguarding customer funds [3] - Minsheng Bank conducts regular financial education activities in collaboration with community branches to enhance elderly individuals' awareness of risk prevention [3] - The bank is also developing a tailored product system for elderly clients, offering risk-matched savings, investment, and commercial pension products to balance asset safety and wealth growth [3] Group 3: Community Integration and Cultural Activities - Minsheng Bank's community services extend beyond financial offerings, actively engaging in community life through various activities such as fraud prevention campaigns and cultural events [4] - The bank has partnered with Tencent Video to host cultural activities for the elderly, successfully attracting over 4,000 participants across multiple events [4] - The bank plans to continue focusing on the needs of elderly customers, enhancing service quality and brand development in the field of elderly financial services [4]