We have been tracking news related to the liberalization of the elderly-care market in Guangdong for some time. Now, the provincial government has issued some guidelines that look promising for investors, although the emphasis is clearly on non-profit organizations first.
Various models have been evaluated for what the provincial government calls “senior care services,”, with a particular focus on the development of a wide range of retirement and medical insurance products. At present, nine institutions, including China Life Insurance and Taikang Life Insurance, have invested in 39 retirement community projects to further explore the “insurance plus old-age care” model.
Now the province says it is ready to learn from foreign insurance companies based in Hong Kong and Macau, “to develop customized products to meet the multiple needs of the elderly in the Greater Bay Area.”
Read More: https://greaterbayinsight.com/guangdong-to-boost-retirement-communities/?utm_source=Greater+Bay+Today&utm_campaign=3212af793a-EMAIL_CAMPAIGN_2019_08_13_09_15_COPY_01&utm_medium=email&utm_term=0_17d107aaff-3212af793a-267451929