Global Aging Reshapes Stock and Bond Investment Logic? Pension "Longevity Bills" Accelerate Accumulation, Stocks, Bonds and Private Markets Set to Receive Massive Long-Term Capital

Zhitong Finance APP has learned that as pension systems worldwide need to make payments for longer periods while the contributing population supporting these payments continues to shrink relatively, pension systems are being forced to redistribute responsibilities among governments, employers, and individuals, and to adjust investment portfolios. In other words, as global population aging deepens, pension payment periods are extended, and the ratio of workers to retirees continues to decline, funding and sustainability pressures on pension systems are increasing accordingly, prompting pension funds to re-examine investment returns, risk-taking, and liquidity arrangements, while requiring governments to strengthen the long-term sustainability of pension systems through measures such as improving retirement systems, immigration policies, and promoting productivity growth.