According to the deployment of the CBRC, from March 1, the pilot scope of pension financial products has been expanded from “four places and four institutions” to “ten places and ten institutions”.
On March 9, the fourth pension financial product issued by Everbright financial was launched simultaneously in ten pilot areas such as Beijing and Shanghai, which is also the first pension financial product sold by Everbright financial outside Qingdao. The reporter visited and investigated in Beijing and learned that the product was favored by investors as soon as it appeared.
In addition, in order to meet the needs of more regional investors, many pension financial products are ready to go.
Products to be issued
On March 9, the fourth pension financial product issued by Everbright financial was launched simultaneously in ten pilot cities. The operation mode of the product is closed net worth type, with a period of five years and a ceiling of 10 billion yuan.
“Yesterday, the financial manager recommended pension financial management to me. When a sum of money expired, I replaced it with this product.” In the business department of China Everbright Bank Company Limited Co.Ltd(601818) Beijing Branch, an elderly investor purchased pension financial products with the help of the financial manager.
“This product itself is very good. Its investment style is stable. The risk level is medium and low risk. The performance comparison benchmark is 5.8% – 8%. At present, it sells very well.” Introduced by the financial manager of the outlet.
The reporter learned that there are a number of pension financial management ready to go. ICBC financial management recently released a notice that it will sell Yixiang Antai pension financial products in ten pilot cities. China financial network shows that the product has been filed and will start raising on March 12p align=”center” style=”text-align:center;”> Source: the official account of ICBC
In addition, according to the financial manager of a branch in Futian District, Shenzhen, China Construction Bank, the sales of the current five-year “CCB financial security and fixed income closed pension financial products phase 2 in 2022” is in good condition and will be raised on March 14. After that, 10-year pension financial products will be on sale.
Although the pilot area has been expanded to 10 cities, some investors still lament that they can’t buy pension finance. “Last year, I paid attention to the pension financial products sold by several banks, and the yield attracted me very much. Unfortunately, my ID card address is not in the pilot area, so I can’t buy it.” Beijing white-collar Xiao Li said.
product line gradually enriched
According to the data of China financial network, up to now, there are 8 existing pension financial products, including 3 issued by CCB financial management and Everbright financial management, 1 issued by ICBC financial management and 1 issued by China Merchants Bank financial management, and 3 pension financial products are on sale or pre-sale.
From the perspective of operation mode, the first four pilot pension financial products issued in December 2021 are closed net worth. With the promotion of the pilot, products with higher subscription flexibility have emerged. CCB financial management and Everbright financial management recently issued an open net worth product respectively.
Take the open net worth product issued by CCB wealth management as an example. The product is purchased from 1 yuan and open for subscription on a monthly basis for at least 5 years. At the same time, the product supports intelligent fixed investment, which can realize automatic deduction and purchase, help investors form the habit of pension accumulation of continuous and regular investment, and guide customers to carry out long-term pension planning. Customers over the age of 60 are not subject to the above minimum holding period and can apply for redemption within the opening hours of the product.
new entrants are in hot preparation
After the pilot expansion of pension finance, many new institutions have “spoiled” the product design ideas.
China Post Finance said that in terms of product design, it will focus on the products with a fixed term (from 5 years), guide customers to accumulate wealth for the purpose of providing for the aged, match the characteristics of the elderly care customer group through specific functions, and meet customers’ smooth exit under special circumstances.
In terms of investment strategy, China Post Financial Management will adopt the internationally widely used investment strategies such as “target risk” and “target date”, do a good job in the rotation of large types of assets through diversified asset allocation, build a multi-level asset portfolio, meet the needs of customers’ pension investment and financial management, and cross the cycle and smooth the fluctuation in the operation of a long period of time, Maintain and increase the value of wealth beyond inflation.
The pension financial products to be launched by bocom financial management have the characteristics of customer base and provide differentiated pension financial products. At the same time, the products will also highlight the characteristics of long-term, stable and inclusive.
