China Jianyin Investment Ltd, or JIC, an investment group focused on equity, will develop pension finance and pension service systems, aiming to improve the environment of the pension investment industry according to the company's top management.
"With people's growing reliance on the third pillar of the pension system, individual pension investment will become a crucial process for personal wealth management," said Zhou Xiangyong, managing director of Guotai Asset Management, a key member of JIC. "As a result, the company will make strategic and long-term plans on the pension investment business."
As a key component of the individual pension system, public funds will play a more important role in the pension investment market, Zhou said.
"Since its foundation in 1998, the company has considered investment management capability its core competitiveness," he said. "We have always made risk prevention a top priority, thus gaining recognition from personal and institutional investors."
By the end of the second quarter of 2018, the company was managing 99 public funds, 3 pension products and 90 asset portfolios, offering a full range of asset management products to cover clients with different demands, the company's statement said.