The Role And Mechanism Of Banking Industry In The Development Of Enterprise Annuity In China

The establishment of a multi-level old-age insurance system combining basic old-age insurance,enterprise(occupational)annuity,individual savings and commercial old-age insurance is an objective need for the development of China's old-age insurance system and a common practice internationally.Generally speaking,the development pace of enterprise annuity and individual saving endowment insurance in China is relatively slow,with small overall scale,small coverage and limited substitution function.In the next step,we will further improve relevant policies and measures in accordance with the requirements of the third plenary session of the 18 th CPC central committee on "accelerating the development of enterprise annuity and occupational annuity,and building a multi-level social security system",and in combination with the opinions and Suggestions of deputies,and vigorously support the construction of the "three pillars" old-age insurance system.At present,36 professional institutions,including the banking and insurance industry,have obtained the qualification of enterprise annuity operation,and the market competition is increasingly fierce.This paper firstly introduces the development,characteristics and operation mechanism of enterprise annuity at home and abroad.In the process of increasing the market demand of the enterprise annuity,the banking industry of our country also takes an active part in the enterprise annuity management.By the end of 2017,only three Banks,including industrial and commercial bank of China,China construction bank and China merchants bank,have obtained the qualification of enterprise annuity account manager and custodian,and the other seven Banks have all set an example of the strength and superior qualification of the domestic banking industry.In the enterprise annuity management income quite abundant attraction,other financial institutions also come one after another.This paper analyzes the policies and regulations,capital strength,personnel management,customer maintenance,technical facilities guarantee,external competition and other aspects of the banking industry's participation in the enterprise annuity management through the SWOT portfolio analysis method,hoping that the banking industry can seize the opportunities,face the challenges,and achieve business development in this context.