Pension insurance company boosts GBA's retirement security

On Feb 24, the Guangdong branch of Guomin Pension and Insurance Company opened its doors in Guangzhou's Artificial Intelligence and Digital Economy Pilot Zone (Yuzhu Area), marking the establishment of the company's fifth branch in China.

Registered in Huangpu district in January of this year, the branch aims to serve the Guangdong-Hong Kong-Macao Greater Bay Area and promote the development of regional pension security.

Guomin Pension and Insurance Company. [Photo/WeChat account: gzhpfb]

Founded jointly by multiple State-owned banks, joint-stock banks, as well as central and local platform enterprises, Guomin Pension and Insurance Company had an initial registered capital of 11.15 billion yuan ($1.54 billion). Since its inception, the company has achieved steady growth, with its core indicators ranking among the top in the industry. It boasts adequate solvency and has achieved the highest risk rating of 3A.

As one of the first pilot units for individual and commercial pension plans, the company has introduced several innovative pension products. The Guangdong branch will focus on product innovation and service upgrades to provide the public with complete lifecycle pension security.

As an important functional area of Guangzhou's regional financial center, Huangpu district has attracted the settlement of multiple financial institutions and listed companies.

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