Ministry of Finance, People's Bank of China: Savings national bonds (electronic) included in the scope of personal pension products.

According to the latest information from the Securities Times APP, on November 21, the Ministry of Finance and the People's Bank of China jointly issued a notice regarding the inclusion of savings bonds (electronic format) in the scope of individual pension products. It mentioned that before pension fund investors purchase savings bonds (electronic format), the operating institution should open a personal pension dedicated national bond account (hereinafter referred to as a pension bond account) for them to record the period, quantity, and holding changes of the savings bonds (electronic format) purchased by pension fund investors. The pension bond account should be linked to the investor's own pension fund account, with fund transactions, withdrawal conditions, and tax policies following the relevant regulations of the personal pension system. Before the operating institution cancels the pension fund account opened by the pension fund investor in the institution, it should confirm that there are no outstanding savings bonds (electronic format) in the corresponding pension bond account and then cancel the corresponding pension bond account.