Mr. Chen Dongsheng, Executive President of YRIC and Chairman of Taikang Life Insurance said, the age of aging brought huge demands for old-age which included demands of production and supply. Supply reform should be deeper market-oriented reform and provide new required products. After the middle class formed, there are lots of idle funds and assets. The financial needs turn into great  incentive, but the essence of financial innovation is making the earning products productization, securitization and financialization.