In recent years, the problem of population aging has become increasingly prominent, and the pension industry has entered a period of rapid development,
Recently, the State Council issued the national plan for the development of the cause of aging and the elderly care service system during the 14th five year plan (hereinafter referred to as the plan), which defines the overall requirements, main objectives and work tasks during the 14th Five Year Plan period around promoting the coordinated development of the cause of aging and industry and promoting the high-quality development of the elderly care service system.
deployment 9 specific tasks
The plan puts forward the development objectives during the 14th Five Year Plan period, that is, the supply of elderly care services is expanding, the elderly health support system is more perfect, the innovative and integrated development of multiple business forms of elderly services, the ability of factor guarantee is continuously enhanced, and the social environment is more suitable for the elderly and livable; Nine main indicators, including the total number of beds for elderly care services and the proportion of nursing beds in elderly care institutions, have been defined to promote the whole society to actively respond to the initial formation of the population aging pattern, and the elderly’s sense of gain, happiness and security have been significantly improved.
The plan has deployed nine specific tasks, including strengthening the social security and comprehensive elderly care service network, expanding the coverage of inclusive elderly care services, strengthening the ability of home-based community elderly care services, improving the elderly health support system, vigorously developing the silver economy, practicing the positive concept of aging, creating an elderly friendly social environment, and enhancing the support system of development factors, Safeguard the legitimate rights and interests of the elderly.
At the same time, the plan has set up columns such as actions to improve public elderly care institutions, special actions to improve the combination of medical care and elderly care, actions to help the elderly with wisdom and actions to build talent teams, so as to promote the implementation of major strategic deployment.
Yang Yifan, a professor of Southwest Jiaotong University and vice president of the International Academy of aging Sciences (National Research Base on Aging), told the reporter of Shanghai Securities News that according to the principle of “hierarchical classification, clear priorities, combination of length and length, and accurate implementation of policies”, the plan puts forward a positive response to the national strategy of population aging, During the 14th Five Year Plan period, priority should be given to accelerating the formulation and implementation of key tasks and major policy initiatives.
Yang Yifan further analyzed that there are three types in general:
first, major policy measures to cover the bottom line and make up for weaknesses.
The focus is to formulate and improve major policies to meet the needs of the rural elderly, the disabled elderly, the elderly and the elderly with special difficulties (the four groups intersect), so as to ensure basic people’s livelihood and social security;
second, major policy measures to build a system and establish a pattern.
The focus is to formulate and improve major policies to comprehensively promote healthy aging and build a health service system for the elderly, aiming at optimizing the governance system and promoting coordinated governance;
Third, major policy measures to create wealth and seek development.
The focus is to formulate and improve major policies to develop the silver economy and promote the secondary development of human resources for the elderly, aiming to actively respond to challenges and turn challenges into opportunities.
implement a gradual delay in the legal retirement age
At the level of security system, the plan puts forward many clear requirements, including:
We will improve the basic old-age insurance and basic medical insurance systems. We will continue to expand the coverage of basic old-age insurance. Realize the national overall planning of basic old-age insurance for enterprise employees as soon as possible.
Implement a gradual extension of the legal retirement age.
We will implement a reasonable adjustment mechanism for basic pensions and adjust the basic pension standards for urban and rural residents in a timely and appropriate manner. We will vigorously develop enterprise annuities and occupational annuities, increase the coverage of enterprise annuities, promote and standardize the development of the third pillar of old-age insurance, and promote the development of individual pensions.
We will improve the basic medical insurance policy, gradually realize the direct settlement of outpatient expenses across provinces, expand the reimbursement scope of chronic disease drugs for the elderly, and include more chronic disease drugs in centralized procurement, so as to reduce the drug burden of the elderly.
The plan specifies that the long-term care insurance system shall be established steadily. Adapt to the level of China’s economic and social development and the trend of aging, build a policy framework for the long-term care insurance system, and jointly promote the construction of the long-term care service system. Starting from the insured population of basic medical insurance for employees, we will focus on solving the basic nursing security needs of severely disabled personnel. We will explore the establishment of a multi-channel financing mechanism of mutual assistance and shared responsibility. The financing of employees participating in long-term care insurance will mainly be paid by units and individuals, so as to form a dynamic financing adjustment mechanism suitable for economic and social development and security level.
\u3000\u3000 “The above policies fully reflect the leading role of the government, find out the population distribution, integrate and revitalize all kinds of scattered existing resources, and maximize the utilization efficiency of stock resources; deeply find out the basic number of the elderly, formulate and improve corresponding policies based on ability assessment rather than simply based on age, so as to realize scientific policy implementation and accurate investment, and maximize the benefits of government resource investment “Change.” Yang Yifan said.
drive enterprises to provide inclusive “service package”
The plan proposes to expand the coverage of inclusive elderly care services. Among them, we will implement the special action of inclusive elderly care, give play to the role of investment guidance and leverage within the central budget, guide local governments to formulate supportive “policy packages”, drive enterprises to provide inclusive “service packages”, and promote the construction of a number of elderly care service institutions that are accessible, affordable and guaranteed in quality.
In terms of specific objectives, the plan proposes that by 2025, elderly care institutions will generally have the ability to combine medical care and elderly care (be able to provide medical and health services or sign contracts with medical and health institutions).
The rapid development of science and technology should not leave the elderly group behind. In terms of the combination of cutting-edge technologies such as Internet, big data and artificial intelligence with the elderly care industry, the plan also puts forward clear requirements:
Guide qualified elderly care service institutions Wuxi Online Offline Communication Information Technology Co.Ltd(300959) to integrate and develop, and innovate service modes by using technologies such as Internet, big data and artificial intelligence. Encourage Internet enterprises to develop monitoring and reminding functions for various activity scenes of the elderly, and make use of big data to facilitate home travel, health management and emergency disposal of the elderly.
In Yang Yifan’s view, through the policy “combination fist” of basic public services, inclusive public services and market-oriented services, we will focus on the elderly health support system, pay real attention to prevention and health care, the construction of geriatrics department in general hospitals and the combination of medical care, significantly improve the healthy life expectancy of the elderly, and effectively reduce the cost of coping with population aging.
“In order to build a good home-based elderly care, digital and intelligent technology is essential,” Zhou shuihui, President of Shanghai Lianchuang investment, told reporters. In the field of elderly care services, the human cost has always been the largest part of the enterprise. “Due to the inability to provide centralized services like nursing homes, the human cost is quite high if people are deployed from a long distance and in a short time.” The reporter noted that many column actions set up by the plan clearly include the action of helping the elderly with wisdom.
support the cultivation of “specialized and special new” enterprises in the field of elderly products
The plan proposes to vigorously develop the silver economy. Accelerate the in-depth application of information technology and intelligent hardware such as Internet, big data, artificial intelligence and fifth generation mobile communication (5g) in the field of elderly products.
At the same time, the plan proposes to support the cultivation of national technological innovation demonstration enterprises, “specialized and special new” enterprises and single champion enterprises in the manufacturing industry in the field of elderly products, and strengthen the collaborative innovation of industry, University, research and application and the industrialization of key common technologies.
Li Jia, deputy director and senior researcher of the aging society research center of Pangu think tank, told the Shanghai Securities News that the rapid growth of the aging population provides an important opportunity for the development of the silver economy. First, promoting supplies and related services for the elderly is conducive to the formation of new drivers of economic development. Second, forcing market and social innovation is conducive to improving the labor productivity of all employees and boosting industrial upgrading. Third, the wealth accumulation of the elderly group has brought a long-term and stable source of funds to the capital market, which is conducive to the construction and development of a multi-level capital market.
the plan also makes it clear to develop inclusive financial services for the elderly in an orderly manner. We will promote and standardize the development of the third pillar of old-age insurance. Encourage financial institutions to develop pension financial products such as payment, savings, financial management, trust, insurance and public funds that meet the characteristics of the elderly, and study and improve supporting policies such as finance.
“Finance is the blood of the industry. Where it flows, which industry will live.” Yin Zhigang, former director of Shanghai aging science research center and Shanghai Civil Affairs Science Research Center, told reporters.
Yin Zhigang believes that the entry of finance, on the one hand, can provide more tailored inclusive financial products for the elderly, including insurance and credit, and completely change the current situation of single income of the elderly to solve the worries of the elderly. On the other hand, it can also promote the integrated development of industry and finance of the pension industry, and stimulate the agglomeration and development of social capital to the pension industry through the preparation of regional health care professional funds and support funds. At the same time, from the perspective of supervision, the document also gives the elderly market a professional supervision force to ensure the quality of elderly care services, which will fundamentally protect the rights of the elderly.
It is worth noting that today, the CBRC issued a notice and decided to expand the pilot scope of exclusive commercial endowment insurance.
The notice said that from March 1, 2022, the pilot area of exclusive commercial endowment insurance will be expanded to the whole country. On the basis of the original six pilot companies, pension insurance companies are allowed to participate in the pilot of exclusive commercial pension insurance.
The CBRC said that since the launch of the pilot of exclusive commercial endowment insurance, the overall operation has been stable and the business scale has increased steadily. The pilot companies have actively innovated products and services to provide consumers with more safe and stable long-term pension security options.
It is understood that the original six pilot companies are PICC Life Insurance, China Life Insurance Company Limited(601628) , Taiping Life Insurance, The Pacific Securities Co.Ltd(601099) life insurance, Taikang Life Insurance and New China Life Insurance Company Ltd(601336) .
The reporter found that at present, there are 10 pension insurance companies in China, including Ping’an pension, Taiping pension, Changjiang pension, China Life Insurance Company Limited(601628) pension, Taikang pension, PICC pension, everyone pension, Xinhua pension, HengAn standard pension and national pension.
how to arrange high-quality pension? Listed companies actively explore
Recently, Hengfeng Information Technology Co.Ltd(300605) said in response to investors’ questions on the interactive platform that as a pioneer in the field of smart elderly care, the company has developed a “smart +” smart elderly care service platform in the industry. B-Soft Co.Ltd(300451) previously, the company also said that in 2021, the company officially established the elderly care product department to build a new intelligent elderly care information platform covering the whole cycle and scene of elderly care services by using intelligent technologies such as the Internet, Internet of things and cloud computing, combined with different elderly care modes.
“At present, our main investment projects focus on two aspects: one is the service platform related to the elderly, which provides information and assistance for the elderly at home; the other is the hospital related to nursing.” Zhou hydrologic said that compared with the nursing home model with huge investment in the early stage, at present, most investment institutions mainly focus on the provision of lighter services.
On February 18, the implementation plan of Shanghai Municipality for promoting the high-quality development of elderly care services made it clear that for new elderly care service facilities projects that comply with the catalogue of allocated land, land will be provided by means of allocation. Reduce the cost of land for elderly care and realize that the overall land price level is equivalent to the benchmark land price of standard factory buildings. This is of great significance for many high-end pension models with heavy assets.
“The high-quality pension industry, in addition to making full disclosure, should also provide rich pension products for the public to choose.” The aforementioned insiders pointed out that the traditional institutional pension industry is also upgrading iteratively. In addition, the “cross-border” cultural tourism of high-end elderly care has also become the new normal. In November 2021, Guangdong, Hunan and other six provinces jointly signed a framework agreement on cooperation in living and providing for the aged. Some of the related products of lvshoukang group have also been launched, including China Cyts Tours Holding Co.Ltd(600138) tourism products of lvshoukang group.
