Group 1 - The core viewpoint of the article highlights the shift in China's retirement investment strategy from traditional savings to diversified asset allocation due to the slowing appreciation of financial assets in a low-interest-rate environment and the increasing demand for retirement funds driven by longer life expectancy [1][4] Group 2 - The report from CITIC Bank indicates that the awareness and willingness to plan for retirement among residents have significantly increased, with respondents generally agreeing that around the age of 37 is an appropriate time to start retirement planning [1][3] - The average age for initiating retirement planning is becoming younger, with a stable recognition of starting around 37 years old over the past three years, particularly among the younger demographic [3] - In 2023, 78% of the 18-34 age group believed they were "still young and not in a hurry," but this percentage is expected to drop to 47% by 2025, indicating a shift in mindset towards proactive retirement planning [3] - The focus of retirement planning is shifting from "whether to plan" to "how to plan," with 85% of respondents under 50 indicating they have monthly retirement planning [3] - Respondents' core demands for retirement finance are evolving from "capital preservation and appreciation" to a comprehensive service model that includes finance, health, care, and cultural leisure [3] Group 3 - The supply of retirement financial products in China is continuously expanding and upgrading, with personal pension accounts now including government bonds, specific retirement savings, and index funds to enhance investment options [4] - Recent policy support for the silver finance market includes the expansion of pilot retirement financial products nationwide and an increase in the fundraising limit for individual financial companies [4][5] - The new policy encourages financial companies to invest in long-term quality assets that match retirement characteristics, thereby broadening the scope for retirement financial services and enhancing the retirement financial product system [5]

Group 1 - The personal pension system in China allows workers participating in urban employee basic pension insurance or rural resident basic pension insurance to join, while retirees already receiving basic pension benefits cannot participate [2] - Flexible employment individuals can participate in the personal pension system as long as they have made at least one payment into the basic pension insurance [2] - Authoritative information regarding personal pensions can be accessed through various national online service platforms [2] Group 2 - After contributing to a personal pension, individuals can not only deduct personal income tax but also use the funds to purchase approved investment products to increase retirement income [5] - Investment products include wealth management products, savings deposits, commercial pension insurance, public funds, government bonds, specific pension savings, and index funds [5][6] - Personal pension products are regulated by financial authorities to ensure safety, stability, and long-term value preservation [6] Group 3 - For individuals unsure about selecting personal pension products, financial institutions can provide investment consulting based on personal risk preferences and age [9][10] - It is not mandatory to purchase investment products with personal pension funds; funds can earn interest at the current deposit rate if not invested [11] Group 4 - Personal pensions generally cannot be withdrawn early, with participants eligible to withdraw only upon reaching the retirement age for basic pensions [12] - Exceptions for early withdrawal include total loss of work ability, emigration, serious illness, receiving unemployment insurance, or being on minimum living security [13] - Applications for withdrawal can be made through social security agencies or online service portals, with funds disbursed to the individual's social security card bank account [14][15]