Exclusive Interview with Shanghai Trust Chairman Cui Bingwen: Trust System Fills the ‘Last Mile’ of Pension Finance

Cui Bingwen, Chairman of Shanghai Trust, highlighted the evolving trend in China’s pension finance market towards comprehensive services. The trust system is addressing the service gap that traditional financial institutions struggle to reach, with its unique functions such as property segregation and intergenerational asset transfer. Cui emphasized the mismatch between supply and demand in the pension sector, pointing out that trust is the only systematic solution to meet the comprehensive needs of the elderly. The trust system can cover the entire lifecycle of services, from retirement preparation to caring for special needs, effectively bridging the “last mile” in pension finance….