2025年终盘点 养老政策五大趋势 洞见未来十年"享老"新格局 前言 站在2025年末回望，中国养老服务体系建设走过关键十年。从顶层设计到地方实践，养老政策正以前所未有的系统性、精准性和前瞻性，悄然重塑着我们每 个人的晚年生活图景。透过五大清晰趋势，我们不仅能看清政策走向，更能把握未来十年"老有所养、老有所享"的深层逻辑。 01 政策不再只是鼓励"多存钱"，而是引导建立全生命周期资金规划理念。在确保安全的前提下，赋予个人更多支配权，让养老储备既能应对长远需求，也能兼 顾人生突发事件，真正实现"钱为人服务"。单纯的储蓄思维已过时。个人需建立"养老金三支柱"组合思维，在社保基础上，科学配置个人养老金、商业保 险、稳健理财，并学会在政策框架内灵活调度，让养老资金"活"起来。 02 趋势二：服务获取更可及 从"有服务"到"选服务" 全国性失能老人照护补贴试点全面铺开，补贴资金直接发放至符合条件的老年人或其家庭。这标志着中国养老服务补贴机制实现历史性转变——从"补供 方"（机构）转向"补需方"。 趋势一：资金储备更灵活 从"存钱养老"到"智慧用钱" 个人养老金账户可"应急领取"，养老理财试点扩至全国，商业养老保险产品创 ...

Regulatory Dynamics - Ten departments are deepening the application of logistics data in the financial industry to optimize financing and insurance product services, addressing the financing difficulties faced by small and medium-sized enterprises [5] - As of the end of Q3, the total assets of insurance companies and insurance asset management companies reached 40.4 trillion yuan, a growth of 12.5% compared to the beginning of the year [6] - The Financial Regulatory Bureau will soon release a revised "Commercial Bank Merger Loan Management Measures" to support mergers and restructuring of various enterprises, including tech innovation companies [8] Company Dynamics - China Ping An increased its stake in China CRRC H-shares by 55.48 million Hong Kong dollars, raising its holding to 5.09% [17] - China Life has cumulatively purchased over 32.5 billion yuan in Xiong'an bonds and nearly 100 million in Xiong'an Group bonds, supporting the construction of the Xiong'an New Area [20] - China Life, in collaboration with Seven Wolves, established a private equity investment fund with a contribution of 1.6 billion yuan [21] Industry Dynamics - In the first three quarters, 70 life insurance companies achieved a net profit exceeding 460 billion yuan, surpassing the total for the previous year [42] - The insurance asset allocation has exceeded 3 trillion yuan, enhancing the "see-saw" effect between stocks and bonds [46] - The average vehicle insurance premium among 67 insurance companies was 1,836.89 yuan, with the highest being 5,700 yuan and the lowest at 880 yuan [47] Product Services - Ping An Life launched the "Yuxiang Jinyue 26" series of insurance products, aiming to meet diverse customer needs with a focus on wealth stability and growth [56] - The first agricultural cultural heritage protection insurance in Beijing was issued, providing coverage of up to 306,000 yuan for the "Jingbai Pear" cultivation area [58]

Core Insights - The trend of Hong Kong seniors moving to mainland China for retirement is increasing, with nearly 100,000 elderly residents choosing to settle in Guangdong Province, marking a 40.5% increase over the past decade [1][3][5] - The "Guangdong Elderly Care Service Plan" has been established to facilitate cross-border elderly care, providing financial support for Hong Kong seniors in mainland institutions [5][6] - The aging population in Hong Kong, coupled with high living costs and a shortage of local elderly care facilities, drives the demand for cross-border retirement options [3][4][6] Industry Overview - Hong Kong has the highest life expectancy globally, with an average of 85.3 years, yet faces challenges in meeting the retirement needs of its aging population due to limited space and high costs [3][4] - The average waiting time for a bed in local elderly care facilities in Hong Kong is approximately 24 months, with some facilities requiring up to 6 years [4][5] - The "silver economy" in China is projected to grow significantly, with estimates suggesting it could reach 30 trillion yuan by 2035, representing about 10% of GDP [8][9] Market Dynamics - Financial institutions and state-owned enterprises are increasingly entering the cross-border elderly care market, with various companies offering services tailored to the needs of Hong Kong seniors [6][10] - The operational model for elderly care is evolving, with a focus on service quality, personalized care, and community integration to attract and retain clients [6][10] - The introduction of REITs for elderly care facilities is expected to enhance investment opportunities in the sector, although successful issuance has yet to occur in China [11]