Aging has become an inevitable challenge for the future development of China. On the other hand, for many financial institutions, this challenge also means huge pension market potential. At present, China's pension financial industry is still in its infancy. Compared with the United States and OECD countries, there is indeed a big gap. This big gap can be regarded as our problem, but it is also a huge business opportunity.

According to the Analysis Report on the Development Prospect and Investment Strategic Planning of the Pension Industry in China, the development of financial services of the pension industry in China is obviously insufficient at present. First of all, the development of China's pension finance is in its infancy, with single products and low efficiency. Many elderly people regard personal savings as the only way to manage money; Secondly, there are problems that the old-age insurance relies too much on the basic old-age insurance and other old-age insurance is insufficient; The third is that the concept of industrial development lags behind. For pension products, pension finance is not paid enough attention, basically it is more wait-and-see and less action; Fourth, the effective demand of the industry is insufficient, and the policy support to encourage the consumption of the elderly is insufficient, and the support policies are basically in a blank state. Therefore, the pension market urgently needs model upgrading and supply-side reform, and it needs to be chained and standardized in order to eradicate the previous situation.