Tianhong leads the industry in exploring innovative pension business
Tianhong has been leading the industry in innovation of pension business, one of its strategic business areas.
In October 2012, Tianhong launched Tianhong Ankang Pension Hybrid Securities Investment Fund, the first pension-themed fund in the industry.
In May 2015, Tianhong formally set up its second pension hybrid fund – Tianhong Puhui Pension Principal-guaranteed Hybrid Securities Investment Fund, aiming at meeting individual needs for pension-themed wealth management.
In June 2015, Tianhong, China Ageing Development Foundation, ICBC and Shanghai Denong Network jointly launched the first consumer pension plan in China.
As an innovative fund company with Internet thinking in China, Tianhong has been trying to remedy the defects of China’s pension system via the Internet, and provide better experience for the public by means of technology innovation.
In terms of product selection and customer service, Tianhong has been prepared for accepting the fund custody requests of basic pension insurance, national social security fund, enterprise annuity and occupational pension and developing and operating individual account products.
Basic pension insurance fund includes the pension fund for employees of enterprises, government agencies and public institutions as well as urban and rural residents.
Enterprise annuity means the supplementary pension insurance system voluntarily established by enterprises and their employees on the condition that they have been covered by the basic pension insurance.
Pension products are the standard investment portfolio of enterprise annuity funds that are issued by the investment managers of enterprise annuity funds and sold to enterprise annuity funds. According to the scope of investment, pension products are divided into stock, hybrid, fixed-income and monetary pension products.
National social security fund, also known as national social security reserve fund, is formed with the funds that are raised through budgetary appropriation by the central treasury, transfer of state-owned capital, return on fund investment and other means approved by the State Council. The fund is specially used as supplement to and regulation of social security expenditure, including pension insurance, at the peak of population aging. It is managed and operated by the National Council for Social Security Fund.
In partnership with pension management institutions, Tianhong develops and manages old-age security and other products, and designs customized wealth management plans for clients, so as to manage pension funds more efficiently.
Established on Nov. 08, 2004, Tianhong Asset Management is one of the nationwide publicly offered fund management companies authorized by China Securities Regulatory Commissionwith registered capital of RMB 514.3 million Yuan. In 2013, Tianhong Asset Management promoted the first Internet fund – Yu’ebao, jointly with AliPay. As the fund manager of Yu’ebao, Tianhong Asset Management breaks a new ground for the Internet finance.