Study Of Financial Innovation Under The Perspective Of An Aging Population

The sixth national census has been concluded, the Gansu aging of the population trend is obvious. Population aging can test the capacity of government and social pension. We want to safeguard the basic living of the elderly, to build a series of related older industries, to really promote the harmonious development of society as a whole, to create a new inter-generational social relations and to create a venerating the elderly, pension to help the old social atmosphere. When the population above65years of age in a country or society more than7%in the general population, we believe that country or territory has entered the population, an aging society. The proportion of the Gansu Province of the population aged65and above in2005was7.22%, that Gansu Province has an aged society. Reach2559.98million by the end of2010, the total population of Gansu Province, in which the juvenile population of464.89million,205.57million of the elderly population, elderly coefficient of8.34%, the aging trend is obvious. The financial system constitutes the heart of the entire economic system, financial innovation is the source and power of the society as a whole continue to advance the development. Therefore, two aspects of financial innovation-the institutional innovation and product innovation, better for the aging of the population perspective, Gansu better financial endowment proposed in this paper.Gansu Province aging of the population perspective of financial innovation, on the one hand, reflects the development of population aging on financial innovation has a role in promoting the other hand, reflects the further development of financial innovation, system innovation or product innovation can be better serve the elderly population.Firstly, from the Gansu Province of population aging of the current situation and characteristics of starting the main growth rate of the aging population, fast, structure significantly with the difference, the elderly burden coefficient Gansu each region the difference is obvious and other characteristics carried out the present situation analysis, and related models on the predicted the elderly population in Gansu Province, found that the aging trend is obvious, it should cause deep thinking.Secondly, based on the life cycle theory and financial innovation theory, combined with the current aging of the population in Gansu Province and the financial markets a variety of status quo. the use of normative analysis and empirical analysis, quantitative analysis and qualitative analysis of the method of combining the three aspects of financial innovation study:the impact of population aging on capital markets, the impact of population aging on savings, as well as the impact of population aging on the insurance.Finally, the first few chapters on the basis of Gansu on aging issues do not attach importance to the misunderstanding of the elderly services, as well as the lack of older people’s financial knowledge, from the further reform of the pension insurance system for the elderly to provide for financial products and advanced services put forward corresponding countermeasures and suggestions in order to effectively cope with the aging of the population under financial innovation.