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Pension Managed by ICBC Exceeds RMB 100 billion
 

As at the end of May, the pension managed by ICBC surpassed RMB 100 billion, ranking first in the banking sector. In addition, the number of personal pension accounts managed by ICBC exceeded 16 million and the managed pension funds exceeded RMB 420 billion, making ICBC the largest pension service bank in China.

The demand for professional pension management has surged with the deepening of the old-age security system reform. ICBC took the lead in the banking industry to carry out professional management of pensions. With complete business licenses for trusted management, account management, trusteeship and investment management, ICBC has endeavored to provide comprehensive, one-stop and personalized pension management services for all customers by leveraging the Group-wide business strengths.

For example, based on the characteristics of pension management of large enterprises, ICBC analyzed needs of different companies and tailored a one-stop pension management plan, becoming the housekeeper for pensions of enterprises and their employees with efficient and stable operation. In response to the demand of small and medium-sized enterprises for pension service, ICBC developed an integrated enterprise annuity scheme “Ruyi Pension Management”, which provides solutions to challenges faced by small and medium-sized enterprises such as limited fund size, lack of professionals, and high cost of setting up separate annuity schemes, and enables small and medium-sized enterprises to have access to quality, efficient pension management services. ICBC has now signed Ruyi Pension Management agreements with around 6,200 small and medium-sized enterprises.


(2017-06-30)
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