Larry Fink says world leaders must address growing retirement crisis


贝莱德CEO拉里·芬克认为，一场席卷全球的退休危机正在酝酿之中。他在一年一度的致股东信中还称，自己从业以来，“从未见过如此大的能源基础设施需求”。


贝莱德首席执行官拉里·芬克表示，人口老龄化给社会安全福利(Social Security)等退休安全网带来压力。

拉里·芬克(Larry Fink)认为，一场席卷全球的退休危机正在酝酿之中。 6park.com
Larry Fink sees a global retirement crisis brewing. 6park.com
    
这位现年71岁的贝莱德(BlackRock)首席执行官表示，人口老龄化给社会安全福利(Social Security)等退休安全网带来压力，随着减肥药等医学突破使寿命不断延长，这一问题还将进一步恶化。 6park.com
The 71-year-old chief executive of BlackRock says an aging population is stressing retirement safety nets such as Social Security, an issue that is set to worsen as medical breakthroughs like weight-loss drugs extend people’s lives. 6park.com
    
“我们的社会倾注大量精力帮助人们延长寿命，却没能好好帮助人们负担多活的这些年所需的花费，为此投入的精力还不到前者的冰山一角，”芬克在一年一度的致股东信中写道。 6park.com
“As a society, we focus a tremendous amount of energy on helping people live longer lives. But not even a fraction of that effort is spent helping people afford those extra years," Fink wrote in his annual letter to shareholders. 6park.com
    
贝莱德是全球最大的资产管理公司，资产管理规模达10万亿美元，该公司称其管理的资产中有一半以上是用于养老。芬克说，让更多的人将更多资产投资于资本市场，是确保安享退休生活的关键。 6park.com
BlackRock, the world’s largest money manager with $10 trillion in assets, says more than half of the assets it manages are for retirement. Getting more people investing more of their assets in capital markets is key to securing comfortable retirements, Fink says. 6park.com
   
“没有任何其他力量能够像资本主义那样让更多人摆脱贫困或提高生活质量，”他写道。 6park.com
“No other force can lift more people from poverty or improve quality of life quite like capitalism," he wrote. 6park.com
   
芬克在信中就完善退休制度、解决国家债务问题和投资于全球能源转型等问题提出了自己的看法。这封信涵盖的内容很广，同时避开了许多过去曾给贝莱德带来争议的话题。 6park.com
Fink offered thoughts on improving retirement systems, addressing the national debt and investing in the global energy transition in a wide-ranging letter that avoided many of the subjects that have generated controversy for BlackRock in the past. 6park.com
    
芬克写道，到21世纪中叶，最大的两项经济挑战，一是如何提供有保障的退休生活，二是为满足世界的数字化和能源需要，如何建设大量基础设施，他补充说，资本市场将是解决这两大问题的关键。 6park.com
Two of the biggest economic challenges in the mid-21st century will be providing secure retirements and building the massive amount of infrastructure the world needs for digitization and energy, Fink wrote, adding that capital markets will be key to addressing both. 6park.com
   
“在我从事金融业的50年里，从未见过如此大的能源基础设施需求，”他写道。 6park.com
“In my 50 years in finance, I’ve never seen more demand for energy infrastructure," he wrote. 6park.com
    
贝莱德正在押注基础设施投资，认为政府赤字的扩大意味着大型基础设施项目对私人融资的需求增加。该公司最近宣布斥资125亿美元收购基金管理公司Global Infrastructure Partners，这是贝莱德15年来最大的一笔收购交易，将大大提高其基础设施投资能力。 6park.com
BlackRock is wagering that growing government deficits mean there is an increased need for private financing of major infrastructure projects. The asset manager recently announced its biggest acquisition in 15 years—a $12.5 billion deal to buy fund manager Global Infrastructure Partners—which will greatly expand its infrastructure investing capacity. 6park.com
    
贝莱德庞大的指数基金业务使其成为大多数美国大公司的三大股东之一。贝莱德由此掌握了举足轻重的股东投票权，不过，芬克在信中强调，贝莱德努力让最终客户来选择如何投票。 6park.com
BlackRock’s colossal index-fund business makes it one of the three biggest shareholders in most large U.S. companies. It wields significant shareholder voting power as a result, though Fink’s letter highlighted the firm’s efforts to let its end clients choose how their shares are voted. 6park.com
   
贝莱德上个月推出了一项试点计划，让持有贝莱德最大的标普500指数ETF的个人投资者首次在代理投票决策中拥有了发言权。 6park.com
BlackRock launched a pilot program last month that lets individual investors holding its largest S&P 500 exchange-traded fund have a say in how their proxy votes are cast for the first time. 6park.com
   
芬克过去曾致信贝莱德所投资公司的首席执行官，敦促他们就业务的社会和环境影响披露更多信息，并警告说贝莱德可能会投票反对不披露信息的董事会。 6park.com
In past letters addressed to the CEOs of the companies BlackRock invests in, Fink pressed them to disclose more about the social and environmental effects of their businesses and warned that BlackRock may vote against boards that don’t. 6park.com
    
这些信让他惹上了麻烦，招致政治光谱中左右两派的批评。芬克去年没有给首席执行官们写信，而是给贝莱德的股东写了一封信，信中没有提及任何存在政治争议的ESG（环境、社会和公司治理）投资相关问题。 6park.com
That landed him in hot water with critics on both sides of the political aisle. Fink dropped the letter to CEOs last year in favor of one letter to BlackRock shareholders and scrubbed any references to politically contentious environmental, social and corporate-governance investing.