Core Viewpoint - Banks are progressively implementing regulatory measures for pre-collected funds from elderly care institutions, enhancing oversight and safeguarding elderly individuals' financial security [1] Group 1: Regulatory Developments - The Ministry of Civil Affairs and seven other departments issued guidelines to strengthen the regulation of pre-collected funds in elderly care institutions [1] - Xinyey Bank has become one of the first banks to collaborate with the Ministry of Civil Affairs, successfully launching the regulatory business in Tianjin [1] Group 2: Bank Initiatives - Xinyey Bank has completed the integration with the national elderly service information system and developed internal system modules to comply with regulatory requirements for managing pre-collected service fees, deposits, and membership fees [1] - By the end of September, Xinyey Bank has obtained regulatory qualifications in multiple regions, including Shanghai, Hebei, Jiangsu, Guangdong, and Hunan [1] Group 3: Technological Solutions - Several banks, including Everbright Bank, have developed platforms for managing pre-collected funds, such as the "Sunshine Golden Elderly Care" platform, which offers comprehensive monitoring and risk management features [1] - These platforms aim to enhance the efficiency and accuracy of regulatory oversight, effectively preventing illegal fundraising and fund misappropriation in the elderly care sector [1]