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In 21st century China, population aging continues to present both opportunities and challenges for social governance.
This year’s Financial Street Forum focuses on issues related to seniors to find the best ways to build a financial system that benefits them.
As part of the Financial Street Forum 2025, the side forum titled “Building a Chinese Character Retirement Financial System with a Global Perspective”, organized by China Life Group Retirement Insurance Company, was successfully held on the afternoon of October 28.
More than 170 participants attended the parallel forum, including representatives from government agencies, the aged care sector and corporate clients, as well as academic experts in the field of social security and specialists from internationally renowned financial institutions.
The development of retirement finance represents a major national decision taken in response to China’s aging population.
According to Mr. Cai Xiliang, Chairman of China Life Group, pension financing serves as an essential link between pension funds, assets, services and industries, and is an important measure to proactively combat the aging population.
Pension financing brings together substantial retirement funds, stable over the very long term, and must find a balance between two missions: preserving and increasing the value of capital while serving the real economy.
This requires actively directing pension funds towards key sectors such as technological innovation, advanced manufacturing and green development, thereby fostering a virtuous circle that stimulates quality economic growth while ensuring the preservation and appreciation of retirement capital.
Wang Junhui, Chief Investor of China Life Group and CEO of China Life Pension Company Limited, highlighted in his keynote speech that his company currently manages more than 2.3 trillion yuan of pension assets, maintaining its leading position in the industry.
He emphasized the need to evolve the traditional model of “savings-based retirement” towards a new paradigm of “investment-based retirement”, emphasizing that the pension management industry still needs to strengthen its capacity to create value.
Professionals from around the world shared their experiences and ideas on innovation in retirement systems. Several foreign speakers made presentations on themes such as pension systems and relevant policies in their countries, pension management practices and innovative initiatives.