Personal pension products will be expanded

China Securities Journal · China Securities Taurus reporter exclusively learned from industry insiders that the Ministry of Human Resources and Social Security will mobilize and deploy the comprehensive implementation of the personal pension system in the near future. The pilot program for personal pension will be fully opened up in the near future, expanding from the original 36 pilot cities to the whole country, and is expected to be quickly and comprehensively implemented. Personal pension fund products are also expanding, and some mature broad-based ETF linked funds and broad-based index over-the-counter products will add Y shares

Currently, various fund companies are intensively preparing for the comprehensive opening of individual pension pilot programs

In November 2022, the pilot of the personal pension system began. On January 24th of this year, the Ministry of Human Resources and Social Security announced that the personal pension system implemented in 36 cities and regions has been running smoothly and has achieved positive results in the pilot work. The next step will be to promote the comprehensive implementation of the personal pension system. In this year's government report, it is explicitly stated to "implement a personal pension system nationwide and actively develop the third pillar pension insurance"