Professor Hu Jiye from the Business School of China University of Political Science and Law stated at the 2025 Financial Annual Meeting that the expansion of the second pillar of Retirement faces difficulties. 'Especially corporate pensions, which have not expanded in the past 20 years since 2004, the rate of expansion has been very slow.' He suggested combining the housing provident fund with corporate pensions. 'Young people care more about housing and see corporate pensions and retirement funds as a waste. By merging with corporate pensions, this money can be used to buy a house when young, and at a certain point between 40-50 years old, it can be converted to retirement funds. This way, we can directly expand the second pillar from the current more than 30 million to over 100 million.' (Rui Jian)