Analysis of Problems and Countermeasures of the Chinese Pension Finance

Abstract

China's pension financial system is faced with the dual dilemma of accelerating population aging and structural imbalance of pension system. At present, there are three core problems: the development of the "three pillars" of the pension system is unbalanced, and the financial burden is increasing; Insufficient market operation and high transaction costs; Public pension finance awareness is scarce, especially in rural areas. To conclude, this study proposes countermeasures: optimize the structure of pension system, expand the scale of enterprise annuity and individual pension by means of tax incentive; Promote market-oriented reform, reduce administrative intervention, and establish a long-term assessment system; It is necessary to improve the public's financial literacy, carry out inclusive financial education, and develop financial products suitable for the elderly. In addition, China's pension finance also ushered in three opportunities: the release of policy dividend, the upgrading of market demand and the empowerment of fintech. This study analyzes the problems, puts forward countermeasures and looks forward to opportunities, provides theoretical support for the construction of multi-level pension financial system, and is of great significance to alleviate the pressure of aging and promote the sustainable development of economy.