Financial service industry for the elderly is the most important part of an economy which is experiencing its population aging. Financial service industry for the elderly is well developed，and is one of the major parts of its modern financial system in some developed countries like the United States and Japan. Financial service industry for the elderly is one of the focal points of global financial sector in the future. At present，China’s financial service industry is facing the challenges such as lack of awareness and products，and delaying development of its market. A new financial system with financial service industry for the elderly is urgently needed for now，to address the challenges of an aging society by innovation and making changes to strategies. China’s financial service industry for the elderly has great potential for development. Financial service industry for the elderly is an important part of financial system and the core of aging industry. The development of financial service industry for the elderly is related to the success or failure of our effective responses to the challenges posed by population aging as well as to happy lives for all as an older person.