How will China address the insufficient supply and low quality of elderly care?

Question

Accepted Answer

China to Enhance Financing Support for Elderly Care Sector Amidst Growing Demand

The Chinese government is implementing measures to bolster financial support for its elderly care sector, aiming to address issues of insufficient supply and low service quality. These initiatives include reducing fundraising costs for institutions, encouraging public listings and bond issuances, and facilitating investment from insurance funds and financial institutions. The growing elderly population, projected to reach 400 million by 2035, necessitates these developments to meet the sector's current inadequacies.
Easing Fundraising for Elderly Care Institutions

To stimulate the vitality of the elderly care sector, the government plans to reduce the costs associated with raising capital for institutions. This involves encouraging elderly care providers to pursue public listings and issue bonds as avenues for securing funds. Such measures are designed to improve the financial health and capacity of these service providers.
Encouraging Investment from Financial and Insurance Sectors

Further financial backing will come from allowing a greater proportion of insurance funds to be invested in elderly care projects. Additionally, financial institutions will be encouraged to extend affordable loans specifically to elderly-care service providers. This dual approach aims to inject capital and improve the accessibility of financial resources for the sector.
Developing Tailored Financial Products for the Elderly

Beyond institutional support, the government is also focused on developing financial products that cater to the long-term needs of the elderly. Banks, trusts, and other financial entities will be supported in creating these offerings. This includes enhancing access to bank loans for older individuals and promoting more pension-targeted mutual funds to aid in retirement planning.

Reading history

Hide →

This history is cleared when the page is closed.

How will China address the insufficient supply and low quality of elderly care?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

0

0

0

Share with friends