“The scale increased by nearly 1 billion in half a year, and personal pension funds will incorporate ‘fixed-income +’ investments”

The regulatory authorities plan to include secondary bond funds and debt-oriented hybrid funds containing equity investments in the list of individual pension products. The first batch will follow a “one company, one fund” application mechanism. Over the past six months, the scale of individual pension Y shares has increased from 18.5 billion yuan to 28.5 billion yuan. This expansion aims to fill the gap in investment returns for pension funds. Six criteria must be met: the product must have been established for at least 3 years, and its scale at the end of the last 4 quarters must be no less than 500 million yuan; the minimum proportions of equity assets should be 5% and 10%, respectively, with the total upper limit not exceeding 20% and 30%; the maximum drawdown over the past 3 years must be better than the median of similar products, institutional investors’ holdings must not exceed 80%, and the manager’s classification evaluation must not be C. Application materials must be submitted by September 8. Subsequently, regular quarterly applications will be implemented, and a dynamic evaluation mechanism will be established.