China Banking and Insurance Regulatory Commission: Increase support for the healthcare industry, elderly care industry, and silver economy.

The General Office of the China Banking and Insurance Regulatory Commission issued a notice on promoting the sustainable and healthy development of pension financial services. The notice mentions increasing financial support and supporting investment companies to invest in long-term, high-quality assets that match the characteristics of pension funds. It also encourages participation in national major projects and major construction projects in appropriate ways, and strengthens support for the health industry, pension industry, and silver economy. It supports investment companies in considering the risk-return characteristics of the assets invested in pension financial products and investors' risk preferences in a comprehensive manner under the premise of controllable risks, and achieving the unity of economic and social benefits.