Research on the Optimisation of Commercial Pension Insurance System Design in China: A Qualitative Analysis Based on an International Comparative Perspective
Main Article Content
Keywords
commercial pension insurance, system design, international comparison, tax incentives, product innovation, policy synergy
Abstract
This paper qualitatively analyses China’s commercial pension insurance system from an international comparative angle, identifying issues such as insufficient tax incentives, product homogeneity, and a lack of policy coordination. On the basis of the experiences of the U.S. market-led system and Japan’s government–market synergy, an “optimisation framework” of “strong incentives, broad coverage, and innovation” is constructed. Specifically, it proposes optimising the tax incentive system, innovating products and services, and strengthening policy synergies, along with planning a phased implementation plan and risk control measures. However, the study also reveals that there are problems such as incomplete data coverage, shallow policy analysis, and limitations in international comparisons. Thus, future research can be conducted in directions such as integrating pension models, building risk-sharing mechanisms, and deepening international exchanges and cooperation. Overall, this study aims to offer theoretical and practical guidance for the optimisation of China’s commercial pension insurance system, help address aging challenges, promote the transformation of the “silver hair crisis” into the “longevity dividend”, and contribute Chinese wisdom to global aging governance.
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