Research On The Participation Of Insurance Capital In The Development Of The Old-age Service Industry

At the end of 2018,China's population aged 60 and over was 249.49 million,accounting for 17.9% of the country's total population.It is expected that the population of the elderly population will further increase.Under the background of aging,the development of the old-age service industry cannot be effectively matched.The status quo is reflected in the serious shortage of infrastructure services and structural imbalances.For a long time,the government has assumed the main responsibility for the provision of old-age care services and lt's difficult to play a decisive role in the allocation of resources,and it is unable to meet the growing demand for aged care services in China.It encourages participation of social forces and can that can turn the government's role of paddling to the helm in the old-age service industry.In recent years,the market-oriented reform in the field of public aged care services has reached a consensus at least.The market-oriented reform with the core concept of “distributing the service” has injected new endogenous motivation into the pensio n service industry.[2017]86 text clearly stipulates and encourages social capital to adopt the PPP model to participate in the development of the old-age institutions,the communit y pension system and the medical and health integration system.The PPP model has become a powerful weapon for the market-oriented reform of the aged care service industry.There is a highly compatible attribute between insurance funds and PPP projects in the aged care industry.Insurance funds require long-term and stable return on funds.This is consistent with the interest appeal of the PPP project for the aged care industry with medium and long-term stable cash flow income.To promote the development of China's old-age service industry,the call for insurance funds with a large scale and long duratio n,matching the funding needs of the PPP project of the aged care service,has become more popular.The main content of this paper is the feasibility and implementation mechanism of insurance funds participating in the PPP project of China's old-age service industry.The first chapter is the introduction.This chapter combs the research background and research significance of this paper,and summarizes the relevant research literature at home and abroad.The second chapter is the definition and theoretical basis of this paper.It defines the three core concepts of this paper and expounds the theory applied in the article.The third chapter is the model of insurance funds participating in the old-age service industry and the benefit analysis of PPP projects.This chapter compares the advantages and disadvantages of insurance funds currently participating in the old-age service industry in four modes: direct investment,highlighting the insurance funds.The PPP model participates in the achievable benefits of t he aged care industry.The fourth chapter analyzes the status quo and problems.The author sorts out the current policy and practice status of insurance funds participating in the PPP project of the aged care service,and summarizes the obstacles that hind er the realization of this approach.The fifth chapter is the case analysis.The author takes the Huaihua project as an example,and carries out the all-factor arrangement for the project evaluation and entry,operation and risk mitigation measures and withdrawal of insurance funds,highlighting the practical characteristics of this paper.This paper finds that insurance funds participating in the old-age service industry in the PPP mode is in line with China's policy guidance direction,and has realistic feasibility.Insurance funds should construct an effective project screening mechanism in practice,and select equity,creditor,and asset support plans according to project funding needs.Wait for different intervention paths.The current market practice is still in its infancy.In order to accelerate the development of this approach,the policy environment,industry management and market players need to be optimized on the existing basis.The highlight of this paper lies in the principle of practice and innovation,aiming at the dilemma of insufficient supply and imbalance of supply in China's old-age service industry,timely discussing the realization mechanism of insurance funds participating in the old-age service industry with PPP mode,and designing insurance funds to participate in the PPP project of the aged care service industry.The whole process plan to achieve the balance of interests of multiple parties.