Guangzhou City issued "Guangzhou City's Measures for Promoting the High-Quality Development of Elderly Financial Pension"

The "Several Measures" mention enriching the supply of financial products of the third pillar of pension insurance. Guiding financial institutions in Guangzhou to give full play to their respective business characteristics and advantages, steadily promote the development of funds, wealth management, savings, and insurance products with pension attributes, and meet the personalized pension needs of people with different risk preferences. Support banks that offer individual pension business to develop exclusive individual pension savings products. Encourage trust companies to conduct customized family trusts, family service trusts, insurance trusts, and other wealth management service trust businesses. Timely strive to include more legal person financial institutions in Guangzhou into various policy areas such as individual pension.