The individual pension system has been implemented for half a year with more than 37 million participants and more than 650 products.

FIFA, 31 May / PRNewswire-FirstCall-Asianet /-- the personal pension system is an important part of the third pillar of China's old-age insurance system. It was launched on November 25 last year in 36 leading cities or regions, including Beijing, Shanghai, and Guangzhou. According to the latest data from the Ministry of Human Resources and Social Security, as of May 25 this year, when the individual pension system has been implemented for half a year, the number of participants has reached 37.4351 million. The total number of personal pension products launched by financial institutions including savings deposits, wealth management products, commercial old-age insurance and public funds has exceeded 650. the individual pension system is operating smoothly and orderly.