Rearch On The Aging Industry Financing Mode In China

Along with more and more serious aged phenomenon in China, Chinesegovernment keeps continuing improving the pension service system and increasingthe public financial inputs recently. However, shortage of funds is still the core issue,which limits the development of the pension service. Faced with such enormousdemand, Chinese pension service financing system still most bases on thegovernment funding supports and only few funds come from the open markets.Therefore, removing the shortcoming of the current financing mode, introducingmore advanced market-oriented financing mode and accumulating more publicfunding are the main analysis purposes of this research paper.This paper is basing on financing mode of current pension service, focusing oncore part of financing mode analysis and diversifying the financing channels,thereby defining the main emphasis and research direction of the study. Firstly, thispaper is mainly defining and expounding the concepts and theoretical basis of thepension service industry, REITs, BOT and PPP etc., the most significant is to limitthe scope of the pension service to its most urgent part, that is endowment real estateand the elderly service, which both need to be developed. Furthermore, summarizingthe successful experiences in industrial financing of three developed countries,which are Japan, US, Germany, for the sake of providing the practical references forresearching and coming to a conclusion. Additionally, it introduces the currentfinancing mode of pension service in China and its problems as well as the reasonsthat cause them. Moreover, noticing that Chinese current finance leading financingmode of endowment service has overwhelmed and continually exacerbated, in orderto provide the fact to discuss the expansion of the market financing mode. Finally,from the aspect of the current policies and regulations of China with the combinationof the experiences from international practices, in order to provide REITs, BOT, andPPP, three market financing modes. Besides, it introduces the superiorities and theoperating modes of them respectively. What’s more, analyzing the fields that they fitwith the pension service of our country, for the sake of identifying the mostappropriate financing mode of pension service of China, which is the most crucialpart of this paper.