Study On The Ageing Finance Business Of Commercial Banks In China

Coping with aging is a common challenge faced by all countries in the world.In 1999,China entered the aging society ahead of schedule and has become the country with the largest number of elderly people in the world.Meanwhile,the aging trend boosts the development of the old-age service industry,and gives birth to the new demand of the old-age finance.Under these circumstances,the old-age financial services provided by commercial banks in our country are not enough to meet the present situation,and the traditional pension system is faced with challenges.The development of ageing financial business is an important means for commercial banks to adapt to the new needs of the market and to realize the business transformation.Under the influence of the expansion of market demand,the promotion of national policy,the transformation and upgrading of itself,commercial banks can take advantage of their high reputation,wide network and other characteristics to advance the layout of ageing finance and seize the market opportunity.Under the reality of accelerated aging in China,the public's demand for ageing finance is not commensurate with the existing pension financial business of commercial banks in our country.This paper defines the old-age financial business of commercial banks as three sectors:the trusteeship of pension funds,the financial products of pension services and the investment and financing of pension industry finance.In the course of the research,this paper uses the method of literature research to collect,consult and analyze the contents and theories involved in the old-age financial business of commercial banks,so as to form a comprehensive and basic understanding of the important viewpoints and preface issues of the current academic circles.Starting with the present situation of Chinese commercial bank's pension financial business,this paper analyzes the three major business developments of China's commercial banks.Among them,we also choose to compare the developed countries with rich experience in the old-age financial industry when they enter the aging population earlier.In order to find out the problems existing in the old-age financial business of Chinese commercial banks,this paper analyzes and compares the present situation of domestic commercial banks' pension financial business.There are some problems in the development of the endowment finance business in China,such as the slow development of the endowment fund,the lack of innovation in the financial products of the old-age service,and the lack of financial support for the old-age industry.Then,this paper selects Industrial Bank,which has a lot of research in pension finance,accumulated more experience and is more representative in innovation practice,as a case to analyze its development in the three major business.It provides a reference for the development of old-age financial business for commercial banks in China.Finally,in order to solve the problems existing in the development of Chinese commercial banks' endowment financial business,the commercial banks of our country need to speed up the development process of endowment fund trusteeship,innovate the service of pension financial products,and increase the financial support to the old-age industry.