Abstract: Recently, the China Finance 40 Forum and the China Center for International Economic Exchanges jointly held the 6th Bund Summit, where discussions focused on topics such as the economic impact and coping strategies for Aging and declining birth rates, as well as how pension finance can meet the diverse needs under the silver economy.
Experts at the summit pointed out that Aging is rapidly accelerating in Asia, and China has already entered a "moderately aging" society. The combined effects of population Aging and low birth rates leading to a shrinking total population will significantly impact trends of long-term economic growth.
Experts suggested that the elderly could serve as a driving force for modernization to improve development quality with the current demographic structure. Solutions could involve expanding the workforce and enhancing productivity to cope with aging. The government should also increase investment to ensure the well-being of the elderly.
The experts emphasized the importance of developing "pension finance," promoting financial services for the elderly, accelerating the transformation of the pension system, strengthening the results of the third pillar pension insurance system, and deepening capital market reforms to address the challenges posed by aging.
