At the Lujiazui forum, Cai Xiliang, Vice Chairman and President of China Life Insurance Group, stated that the market scale of the silver economy is expected to reach 35 trillion yuan by 2035 and become a new economic growth point. Whether or not elderly people have the money and courage to consume is crucial to unleashing the potential of the silver economy. The central government has deployed a major effort in retirement financial planning, proposing to accelerate the development of a multi-level and multi-pillar pension insurance system primarily to solve issues of insufficient pension reserves and inadequate retirement risk protection. Different from traditional financial products such as savings, wealth management, and funds, retirement financial products should have the functions of long-term accumulation, inter-temporal payment, and value preservation and appreciation. Therefore, he suggested that the retirement financial policy system be optimized and the attractiveness of the second and third pillars be enhanced, while promoting efficient interaction between retirement finance and the retirement industry.
蔡希良：老年人有没有钱消费、敢不敢消费对释放银发经济潜力十分关键
Cai Xiliang: It is very important to unleash the potential of silver-haired economy whether the elderly have the willingness and ability to consume.
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