Feasibility Study Of XX Public-Private Partnership Pension Project In Guangzhou

Guangzhou is approaching a moderately aging society according to the general standards for population aging in the world.It is expected that the situation will further intensify during 13 th five-year period and the proportion of the elderly population will increase to 20% by 2020 in Guangzhou.The family structure of our country is characterized by miniaturization due to the family planning policy and the advancement of urbanization,so the traditional family supporting model for the aged is difficult to continue.Meanwhile,socialized elderly support has become a trend with the shift in the concept of retirement and to develop.The pension service industry has become the consensus of government and all sectors of society.To deal with the serious situation of aging population,Guangzhou has accelerated the establishment of a social pension service system,introduced a policy of attracting social capital to participate in pension services,and actively promoted the Public-Private Partnership(abbreviation PPP)scheme of pension services.PPP scheme refers to a scheme in which the government by the ways of franchising,purchase of services,equity cooperation cooperation with social capital in infrastructure construction and public service to achieve mutual both benefit and risk sharing.The combination of the pension service industry and the PPP scheme are inevitable due to the same attributes of public and meager profits,the applicable fields and characteristics of input and output in china.The application of the PPP scheme can expand the sources of funds,ease the contradiction between supply and demand,optimize the operating mechanism,improve service quality,reduce risks and achieve economies of scale.The paper studies the feasibility of adopting the PPP scheme for the construction and operation of the pension service institution through the case of Guangzhou XX Welfare Institute PPP project.Firstly,the paper analyzes the background and trends of the development of pension services in Guangzhou,the necessity of attracting social capital,the basic meaning of the PPP scheme,the relationship with the pension service,the significance of combination of the two,the significance of the research,research status at home and abroad,research content,research methods and innovations.Secondly,introduces the basic situation of the project,including background,construction scale,project positioning,operation mode,structure of investment and financing,distribution of benefits,and government commitments.Thirdly,demonstrates the necessity and feasibility of the project by the analysis of the contradiction between the supply and demand of pension market and the necessity of project implementation.Fourthly,analyzes the potential risks,principles of risk allocation and control measures of the project,measures the financial indicators and profitability of the project throughout whole life cycle,and conduct break-even analysis and sensitivity analysis from the key appeals of social capital under PPP scheme.Finally,evaluates the project adopting the PPP scheme by qualitative and quantitative analysis in comparison with the evaluation index system of value for money in the "two evaluations and draws conclusion".