[Table_IndNameRptType] 轻工纺服 行业周报 长护险推动养老服务多元化，带动产业发展 行业[Table_IndRank] 评级：增 持 报告日期： 2025-08-24 [行业指数与沪深 Table_Chart] 300 走势比较 -15% -10% -5% 0% 5% 10% 15% 20% 轻工制造（申万） 纺织服饰（申万） 沪深300 [分析师：徐 Table_Author] 偲 执业证书号：S0010523120001 邮箱：xucai@hazq.com 分析师：余倩莹 执业证书号：S0010524040004 邮箱：yuqianying@hazq.com [Table_Report] 相关报告 《行业周报：AI 赋能 Keep,引领健身 智能化变革_20250817》 主要观点： ⚫[Table_Summary] 周专题：长护险推动养老服务多元化，带动产业发展 日本推行介护保险，应对老龄少子养老困境。日本于 1997 年正式通 过《介护保险法》，并在 2000 年 4 月将长期护理保险列入社会保险 体系，实行强制性全民护理保险制度，即 "介护保险"。这一制度 的推出并非偶然，彼时 ...

Group 1: Silver Economy Growth Potential - The silver economy in China is estimated to reach approximately 70 trillion yuan (6% of GDP) by 2023 and is projected to grow to 190 trillion yuan (10% of GDP) by 2035[1] - The population aged 65 and above in China is around 220 million (15.6% of the total population) in 2023, with predictions of exceeding 380 million (30.9% of the total population) by 2050[1] - Improvements in healthcare and living standards are expected to further expand the silver economy's scale[1] Group 2: Consumption Capacity of the Elderly - The elderly population has a relatively high net asset level, benefiting from early home purchases and low debt ratios, with average annual housing price growth of about 8% from 2000 to 2020[3] - The average household size in China decreased from 3.1 people in 2010 to 2.6 people in 2020, indicating a trend towards smaller families and increased economic independence for the elderly[3] - By 2020, 55.7% of elderly individuals lived alone or with a spouse, and the reliance on family support decreased from 40.7% in 2010 to 32.7%[3] Group 3: Policy Support for Silver Economy - Since 2024, policies have been introduced to support the silver economy, focusing on supply-side adaptations and demand-side subsidies for elderly care services[4] - The government aims to enhance the supply of elderly care services and improve the infrastructure for elderly-friendly living environments[4] - There is a significant potential for expansion in elderly care facilities and services, as many urban homes lack elevators and other necessary amenities[4]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容 而引致的任何損失承擔任何責任。 Redco Healthy Living Company Limited 力高健康生活有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2370） 有關更改所得款項用途之補充公告 茲提述(i)力高健康生活有限公司（「本公司」）日期為二零二二年三月二十二日的招 股章程（「招股章程」），內容有關（其中包括）發行本公司新股份之所得款項（「所得款 項淨額」）計劃用途；(ii)本公司二零二二年中報、二零二二年年報、二零二三年中 報、二零二三年年報、二零二四年中報及二零二四年年報中所披露所得款項淨額之 用途；及(iii)本公司日期為二零二五年六月二十六日之公告（「該公告」）。除另有界 定者外，本公告所用詞彙與招股章程及該公告所界定者具有相同涵義。 董事會謹此補充下列有關該公告所載更改所得款項用途之資料。 與招股章程中的業務計劃一致 該公告所載的更改所得款項用途與招股章程所載的本公司業務計劃、策略及方向一 致，因 ...

本文字数：2393，阅读时长大约4分钟 作者 | 第一 财经 郭晋晖 "十四五"时期，国家医保局力推医疗保障制度的公平可及，基本医疗保险参保率稳定在95%左右， 四年累计有近200亿人次享受就诊医保报销。在即将到来的"十五五"，覆盖13.27亿人的全民医保制 度将迎来新升级，实现更广覆盖、更低负担、更强赋能。 国家医疗保障局局长章轲近日在国新办发布会上表示，过去四年多，国家医保局既坚持管好用好医保 基金，奋力解除广大人民疾病医疗后顾之忧；也积极服务经济社会发展，持续为社会进步、人民健康 和经济发展注入新增量。 中国人民大学劳动人事学院教授仇雨临近日在中国政法大学第一届医疗保障与健康治理学术论坛上表 示，"十五五"时期，医保既要促进共同富裕目标的实现，又要为新质生产力发展提供制度保障。这 一过程要求医保事业的发展与改革要主动适应高质量发展需求，在公平性与效率性之间取得平衡，通 过制度创新推动经济发展与民生改善的良性互动。 2025.08. 04 "十四五"医保提质扩面广覆盖 仇雨临表示，"十四五"时期，我国健全世界最大的基本医疗保障网，财政每年对居民参保缴费人均 补助标准从2018年490元增长至2024年67 ...

"十五五"时期，医保既要促进共同富裕目标的实现，又要为新质生产力发展提供制度保障。 "十四五"时期，国家医保局力推医疗保障制度的公平可及，基本医疗保险参保率稳定在95%左右，四年 累计有近200亿人次享受就诊医保报销。在即将到来的"十五五"，覆盖13.27亿人的全民医保制度将迎来 新升级，实现更广覆盖、更低负担、更强赋能。 国家医疗保障局局长章轲近日在国新办发布会上表示，过去四年多，国家医保局既坚持管好用好医保基 金，奋力解除广大人民疾病医疗后顾之忧；也积极服务经济社会发展，持续为社会进步、人民健康和经 济发展注入新增量。 中国人民大学劳动人事学院教授仇雨临近日在中国政法大学第一届医疗保障与健康治理学术论坛上表 示，"十五五"时期，医保既要促进共同富裕目标的实现，又要为新质生产力发展提供制度保障。这一过 程要求医保事业的发展与改革要主动适应高质量发展需求，在公平性与效率性之间取得平衡，通过制度 创新推动经济发展与民生改善的良性互动。 "十四五"医保提质扩面广覆盖 仇雨临表示，"十四五"时期，我国健全世界最大的基本医疗保障网，财政每年对居民参保缴费人均补助 标准从2018年490元增长至2024年670元，农村 ...

Core Insights - The training program for long-term care insurance (LTCI) caregivers in Wenshang County, Jining City, aims to enhance the quality and efficiency of nursing services through comprehensive skill development and policy understanding [1][3][7] Group 1: Training Program Details - The training was organized by the Wenshang County Medical Insurance Bureau in collaboration with China Life Property & Casualty Insurance, focusing on policy interpretation, practical skills, and service philosophy [1][3] - Key training components included detailed explanations of LTCI policy specifics, practical nursing skills for disabled individuals, and communication techniques centered on patient needs [3][5] - The training utilized a small-class format to ensure personalized instruction and maintain continuity of care for disabled individuals [5][7] Group 2: Implementation and Future Plans - The Wenshang County Medical Insurance Bureau has initiated the establishment of a lecturer pool to support ongoing training and professional development for caregivers [3][7] - Future plans include regular training sessions leveraging the lecturer pool, with a focus on enhancing service quality and increasing public satisfaction with LTCI services [7]

Core Insights - The article highlights the ongoing developments in the insurance and financial sectors, focusing on regulatory updates, company activities, and industry trends. Regulatory Dynamics - The Financial Regulatory Bureau is studying ways to expand health insurance coverage and improve service levels [7] - The People's Bank of China has maintained the 1-year and 5-year Loan Prime Rates (LPR) at 3.0% and 3.5% respectively [8] - By the end of 2024, the number of participants in basic pension insurance in China is expected to reach 1.07 billion [9] - As of June 2024, the total number of participants in basic pension insurance was 1.071 billion, with a cumulative surplus of social insurance funds amounting to 9.83 trillion [9] - The number of individuals holding social security cards in China has reached 1.39 billion, covering 98.9% of the population [10] - The Ministry of Human Resources and Social Security is promoting the expansion of basic pension fund investments [11][12] - The Medical Insurance Bureau aims to maintain a basic medical insurance coverage rate of around 95% during the 14th Five-Year Plan period [13] Company Dynamics - Zhongyou Insurance has acquired a stake in Green Power Environmental H-shares, marking over 21 instances of insurance capital acquisitions this year [22] - China Ping An increased its stake in China Telecom by approximately 125,320 shares [23] - Swiss Life increased its holdings in China Shenhua by 1 million shares [24] - China Life Insurance reported a net purchase of over 90 billion in public market equity investments in the first half of 2025 [32] - China Taiping's total premium income for the first half of 2025 reached 155.67 billion, a year-on-year increase of 2.6% [31] - China Insurance has made a strategic investment of 5 billion in State Grid New Source [27] Industry Dynamics - Major insurance companies, including China Life, Ping An, and Taikang, have announced reductions in the maximum preset interest rates for insurance products [46] - Three listed insurance companies reported a combined premium income of nearly 420 billion in the first half of the year, with the bancassurance channel contributing significantly [48] - Approximately 20% of over 1,380 participating dividend insurance products achieved a dividend realization rate of 100% or more [49] - The premium income from new energy commercial vehicle insurance exceeded 66 billion, reflecting a year-on-year growth of over 40% [50] - The number of insurance companies listed in the 2025 Fortune China 500 list reached 10, with China Life ranking 12th [52] - Southbound capital inflows have reached nearly 800 billion Hong Kong dollars this year, with insurance capital being a major contributor [54] - The average annual compound growth rate of health insurance premiums in China has reached 20% over the past decade [55]

Core Viewpoint - The long-term care insurance system in China is gradually showing its comprehensive effects, with over 100 billion yuan in funds raised and more than 85 billion yuan spent, aimed at alleviating the daily care costs for elderly individuals and those with disabilities [1][2]. Group 1: System Development - The long-term care insurance system has established a basic framework through pilot programs in 49 cities, creating a funding mechanism and improving benefit guarantees [2]. - The policy framework has been strengthened with the issuance of 15 new documents related to disability assessment and service management [2]. Group 2: Social Impact - The long-term care insurance has significantly reduced the financial burden on families of disabled individuals, covering approximately 70% of care service costs and benefiting over 2 million disabled individuals during the 14th Five-Year Plan [2]. - The program has alleviated care service costs by over 50 billion yuan, enhancing public satisfaction [2]. Group 3: Economic Contribution - The long-term care insurance system has stimulated investment in related industries, with over 50 billion yuan in social capital attracted and more than 8,800 designated service institutions established [3]. - The number of care service personnel has increased by over 50% to 300,000, contributing to the growth of the silver economy [3].

Core Viewpoint - The article emphasizes the importance of long-term care insurance (LTCI) in addressing the needs of disabled elderly individuals, showcasing how it alleviates family burdens and enhances the quality of life for the elderly [3][4][9]. Group 1: Long-term Care Insurance Overview - LTCI in Yantai provides a comprehensive support network for disabled individuals and their families, significantly reducing the caregiving burden on families [3][4]. - The insurance covers various services, including medical care, nursing homes, and home care, with reimbursement rates reaching 6,000 to 7,000 yuan, which is substantial for many families [5][6]. Group 2: Service Implementation and Impact - The Yantai branch of China Life Insurance has developed a digital management system that ensures a closed-loop service process from enrollment to service delivery and quality supervision [5][10]. - In 2024, the LTCI program served 1,807 individuals, with total compensation amounting to 24.3971 million yuan, reflecting the program's positive impact on families [5][6]. Group 3: Funding and Accessibility - The funding for LTCI is sourced from various channels, including employee medical insurance, personal contributions, and government subsidies, ensuring affordability for participants [8]. - The program aims to cover all needy individuals, with special provisions for low-income and disabled populations, ensuring that no one is left behind due to financial constraints [8][9]. Group 4: Service Quality and Innovation - The Yantai LTCI program has established a collaborative service model with other insurance providers, ensuring consistent service quality across different regions [6][10]. - The introduction of personalized care plans and equipment rental services is being planned to further enhance service delivery and reduce costs for families [10].

Core Insights - The National Healthcare Security Administration (NHSA) released the "2024 National Medical Security Development Statistical Bulletin," highlighting key figures related to health insurance enrollment and fund operations [1][2]. Group 1: Health Insurance Enrollment and Fund Operations - As of the end of 2024, the total number of basic medical insurance participants reached 1.32662 billion, maintaining a coverage rate of 95% [2]. - The total revenue for the basic medical insurance fund (including maternity insurance) in 2024 was CNY 34,913.37 billion, while total expenditures reached CNY 29,764.03 billion, resulting in a cumulative fund balance of CNY 38,628.52 billion [2]. - The employee medical insurance fund (including maternity insurance) reported a revenue of CNY 23,732.47 billion in 2024, a 3.5% increase from the previous year, with expenditures of CNY 19,102.54 billion, marking a 7.6% increase [2]. Group 2: Medical Treatment and Benefits - In 2024, the number of treatment beneficiaries under employee medical insurance was 5.308 billion, reflecting a 9.9% increase year-on-year [3]. - The total medical expenses for employee medical insurance participants reached CNY 20,587.46 billion, which is a 3.6% increase compared to the previous year [3]. Group 3: Long-term Care and Cross-Region Medical Services - By 2024, 49 pilot cities had a total of 18,786.34 million participants in long-term care insurance, with the number of beneficiaries rising from 835,000 in 2020 to 1,462,500 in 2024 [5]. - The number of cross-region medical service visits reached 397 million in 2024, with associated costs amounting to CNY 7,867.74 billion [5]. Group 4: Drug Procurement and Insurance Directory Adjustments - The NHSA has conducted ten rounds of national drug procurement, covering 435 types of drugs, with the eleventh round focusing on established drugs with strict quality requirements [6][7]. - Since its establishment in 2018, the NHSA has dynamically adjusted the medical insurance drug directory for seven consecutive years, adding a total of 835 drugs, with 91 new drugs included in 2024 [8][9].