Since the 18th National Congress of the Communist Party of China, China's pension financial work has been carried out steadily. With the release of the "Opinions on Promoting the Development of Personal Pensions" and other relevant documents, the pension insurance system has been gradually improved, which is conducive to ensuring the basic pension life of the general public. The 2023 ** Financial Work Conference clearly stated that pension finance is one of the "five major articles" of financial work. China CITIC Bank closely follows the pace of the construction of the national pension security system, always adheres to the "people-oriented" service concept, focuses on the needs of customers for pension planning throughout the life cycle, comprehensively upgrades the "happiness" pension financial service system, and launches the pension ledger function in the mobile banking APP, providing individual customers with one-stop pension financial services with full asset display, full function services and full product recommendation, as of the end of February 2024, China CITIC Bank has nearly 3.5 million pension account users. In order to promote the high-quality development of pension finance, China CITIC Bank has joined hands with the Group's pension industry subsidiaries and external high-quality pension resources to jointly build a comprehensive pension financial service ecosystem.
Forward-looking layout to create a warm "balance sheet".
With the implementation of the personal pension policy and the continuous improvement of the pension awareness of Chinese residents, the pension finance has ushered in a new pattern, a new structure and a new breakthrough. As one of the earliest commercial banks in China to deploy pension financial services, China CITIC Bank has continuously put forward innovative solutions based on the observation of residents' pension needs and in-depth research on the market, and has precipitated a set of "three-point and four-step" CITIC solutions with the value proposition of "being the CFO of one's own life in the era of longevity". Specifically, it is recommended that investors follow four steps to do a good job of personal financial planning.
The first step is to balance income and expenditure, reasonably plan the money you need to use at any time, and ensure that "there is money to spend at any time", and it is recommended to set aside the amount of necessary expenditure bills for 3 to 6 months. How to invest this part of the money? As this part of the money is determined to be spent, flexible withdrawals should be the primary goal, with liquidity and security as a priority.
The second step is to prevent risks and scientifically allocate from the beginning of capital preservation, deposit is the ballast stone of personal wealth, it is recommended to deposit a fixed deposit with guaranteed principal and income first; After the "capital guaranteed money" is in place, a risk protection mechanism should be established to help you transfer the tail risk through a "guaranteed money", and the risk is guaranteed, and you don't ask for help in case of trouble. The recommended benefit amount should cover "outstanding loans, debts" and "possible medical and other uncertain expenses".
The third step, planning for the pension of personal pension reserves should be sooner rather than later, it is recommended to plan in accordance with the "one check, two tests and three increases": one is to check the pension assets that have been reserved; the second is to calculate the pension gap; The third is to increase pension investment that can bring fixed income after retirement, such as buying a commercial pension insurance, adding a cash flow equal to life for yourself, and realizing "a lifetime of money to spend, money to spend a lifetime".
Fourth, "long-term money investment" Through the layout of the first three steps, personal wealth will have a strong defensiveness, and the remaining funds can be safely deployed in equity assets with long-term appreciation space. Considering that this is a long-term process with ups and downs, it is recommended to achieve long-term wealth appreciation by "doing a good job in asset allocation, selecting high-performing managers, holding for a long time, and dynamic optimization".
Overall planning to create a "happy" pension financial system
After years of intensive cultivation, China CITIC Bank has made remarkable achievements in the pension finance business, and innovatively launched the pension financial service model that runs through the whole life cycle of customers, and comprehensively upgraded the "happiness" pension financial service system. The system is based on six major characteristics, including a multi-channel, multi-functional, multi-scene personal pension fund account, a clear, manageable, well-invested pension account, a set of categories, full functions, excellent quality of the pension financial product system, a set of wealth, health, preferential, college, inheritance, stage of the "financial non-financial" services, a professionally certified, experienced and excellent service of the "pension financial planner" team, a forward-looking, professional, An insightful CITIC pension financial service platform. It aims to guide customers to accumulate and allocate scientific and reasonable wealth from a young age, so as to ensure financial security and worry-free life in old age.
At present, the domestic demand for pension is not only facing the growth of "quantity", but also the improvement of "quality". In order to further meet the "non-financial" needs of residents for comprehensive "medical and health care", China CITIC Bank has joined hands with the Group's pension industry subsidiaries and external high-quality pension resources to build a closed-loop pension financial service of "wealth", "health", "medical care" and "longevity", linking the pension finance and the "non-financial" service system, creating a comprehensive pension financial service ecosystem of "internal and external dual circulation", and escorting high-quality "life-oriented pension" with warm pension services.
The great man of the country is for the country and the people; Those who do great things, abide by the temperature. In the future, China CITIC Bank will continue to uphold the mission of "the great man of the country", actively fulfill its social responsibilities, rely on the synergy between the group and the outside to promote the high-quality development of ageing finance, continue to accompany customers with sincerity, realize the transformation of customers from basic "survival-oriented pension" to decent and high-quality "life-oriented pension", and protect the happy future of every customer with warm services.