Annual Report on Financing Old Age Care in China (2017)

Description

This book provides comprehensive analysis and descriptions of China’s ageing finance system . China is undergoing the largest, fastest and longest process of population ageing in the world. It becomes a pressing challenge to the Chinese social security system in this era. Many developed countries have been going through this process. Pension and other financial tools have been studied and practiced for decades. China now is developing its own ageing finance systems by learning from other countries’ experiences and making innovations to suit the country’s request. Finance, a field that deals with the study of investments and the science of money management, is the most important tool to manage this situation. And hence Ageing finance has been developed into an independent area for research and practice. It helps the country adapt to new elderly support systems which is the necessary result from China’s admirable economic development and changes in population structure. Ageing finance is the sum of financial activities centered on various social need of providing for the aged and serving for their society. It includes pension finance，old age wealth management service and finance of ageing industry. Chinese government and people are facing a very unique situation as our population structure is deeply changed by the One Child Policy since last 70s. The slope of ageing curve is sharper than most countries yet it has achieved the most successful economic development in the world during the same period. Academic researchers, financial practitioners, and policy makers will find this book to be essential reading, as they study this process and look forward to new theories, innovations and lessons raised from it. Front Matter ....Pages i-xii Financing Old Age Care: Definition, Theoretical Framework and Trend (Keyong Dong, Bo Sun)....Pages 1-9 Survey Report on the Financing of Old Age Care in China (Keyong Dong, Li Gan)....Pages 11-36 Macroeconomic Effects and Policy Challenges of Population Ageing in China (Yudong Yao, Haiming Tan)....Pages 37-61 A Strategic Rethink on Pension Reforms in China (Keyong Dong)....Pages 63-92 Development Path of Pillar 3 Personal Pensions in China (Keyong Dong, Bo Sun)....Pages 93-115 Pension Finance: Growing Total Pension Assets and Low Rates of Return (Bo Sun)....Pages 117-157 The Financing of Elderly Care: Cross-Industry Diversification (Lei Yue)....Pages 159-186 Finance for the Elderly Care Industry: Business Mergers and Development Diversity (Zhuojun Cao, Qin Jing)....Pages 187-216 Bank Offerings of Wealth Management Products: Market Innovations and Policy Guidance (Jianyu Liu, Xuecheng Zhang)....Pages 217-237 The Current State of, Opportunities for, and Trends with Retirement Funds (Bo Sun)....Pages 239-269 Retirement Communities: Continuing Exploration to Meet Growing Social Demand (Liying Feng)....Pages 271-288 PPP: New Ways of Financing for Elderly Care Industry Amid Supply-Side Reform (Lan Zhang)....Pages 289-309 “Home for Care”: Localized Exploration for Niche Pension Approach (Dong Zhang, Bo Sun)....Pages 311-328