Ping An Pension Chairman Urges Correct Performance View as Enterprise Annuity Coverage Stays Below 7%
Ping An Annuity Insurance Chairman Gan Weimin published an article on the correct political achievement view in pension finance, noting that enterprise annuity coverage remains below 7%. By end-2025, enterprise and occupational annuity funds totaled about RMB 8 trillion, with 33.43 million enterprise annuity participants versus 546.72 million urban workers in basic pension insurance. The company is integrating Party leadership into governance and long-term investment mechanisms.
The Central Financial Work Conference identified pension finance as one of the five major areas of financial work. The National Financial Regulatory Administration and three other departments jointly issued the Implementation Opinions on Improving the Governance of Financial Institutions, which set out the direction and requirements for upholding Party leadership, improving corporate governance, and preventing and defusing risks. As of the end of 2025, the combined scale of enterprise annuity and occupational annuity funds stood at approximately RMB 8 trillion. Nationwide, 546.72 million people participated in basic old-age insurance for urban workers, while 33.43 million participated in enterprise annuities, putting the enterprise annuity coverage rate at less than 7%.
In 2025, the Ministry of Human Resources and Social Security and three other departments jointly issued the Guiding Opinions on Improving the Long-Term Assessment Mechanism and Promoting Long-Term Investment of Annuity Funds, which called for adhering to long-term and value investing, strengthening risk management, and establishing a long-term assessment mechanism. Ping An Annuity Insurance has continued to integrate Party leadership into its governance system, focusing on incorporating Party building into corporate governance, organizational development, and corporate culture. Mechanisms such as "including Party building in the articles of association" and "two-way entry and cross-appointment" have been implemented across decision-making, execution, and supervision processes.
In an exchange on their duties, independent directors of Ping An Annuity Insurance stated that pension finance manages long-term funds of the people, and the value of independent directors lies in safeguarding long-term interests, upholding risk bottom lines, and reviewing fund safety, mechanism improvement, and decision sustainability. The company's Party committee will establish a long-term mechanism for fostering and practicing a correct view of political achievements, applying relevant development concepts to corporate governance, annuity fund management, and pension financial services.