Financial institutions are intensively preparing for a new round of "land grabbing" that is about to start

Recently, five departments jointly issued the "Notice on the Comprehensive Implementation of the Personal Pension System." According to China Securities Journal, as the personal pension system is fully rolled out, banks, insurance companies, and other financial institutions with business qualifications are intensively preparing for the upgrade and optimization of personal pension services. A new round of "land grabbing" by banks in account opening, contributions, and agency sales is about to begin, and the product reserves of various financial institutions will also reach a new level