By 2035, the number of elderly people in China is expected to reach approximately 400 million, posing a challenge to the basic national pension fund. To supplement the national pension, China is now advocating for a second pillar, the voluntary employee pension, and a third pillar, the private pension.

At the Beijing Financial Street Forum, Ye Haisheng, chairman of Guomin Pension & Insurance Co., highlighted the importance of the private pension system within the overall pension framework. Zheng Bingwen, director general of the Institute of American Studies at the Chinese Academy of Social Sciences, shared insights on community services for the elderly. Check out the video for more.