智通财经APP获悉，澳大利亚高达4.1 万亿(约合2.7 万亿美元)养老金行业对美国政府取消所谓"报复性税 收"的计划表示赞善与宽慰，该税原本将提高外国投资者资产收入的税负。报复税变调可谓全面重燃澳 大利亚巨额养老金以及全球各地的大规模机构投资者对美国市场，尤其是美股的投资热情，"Buy America"(买入一切美国资产)的风潮再度席卷全球。 根据金融行业的统计数据，这项旨在提高非美国企业的美国收入税率的原计划提议可能产生深远影响 ——澳大利亚养老金基金在全球最大规模经济体中已投资约4,500亿美元，涵盖基础设施、股票、美国 国债、公司债等资产。 据了解，澳大利亚财长吉姆·查默斯周五在一份声明中表示，他已直接向美国财政部长斯科特·贝森特表 达直接的担忧观点。"在那次会面中，他说正尽其所能推进问题解决，我们很高兴在今日声明中看到大 部分积极进展。"查默斯补充表示，澳大利亚将"继续建设性地参与"国际税收规则讨论。 今年2月，澳大利亚养老金基金代表团访问华盛顿和纽约寻求更深层次且长远的美国市场投资机会，但 关税不确定性上升迫使部分基金重新评估立场。 在贝森特发表上述言论前，管理 1,000 亿澳元资产的 Cbus ...

Core Viewpoint - The silver economy in China is gaining attention as the country enters an aging society, presenting both opportunities for enhancing the well-being of the elderly and significant market potential [1][2] Group 1: Market Potential - By 2035, the silver economy is projected to reach a scale of 19.1 trillion yuan, accounting for 27.8% of total consumption and 9.6% of GDP; by 2050, it is expected to grow to 49.9 trillion yuan, representing 35.1% of total consumption and 12.5% of GDP [1] - The silver economy is viewed as a stable and certain large industry, with the aging trend being inevitable, and it is expected to evolve into a long-lasting business model [1][2] Group 2: Policy Support - The Chinese government has issued several policies to support the development of the silver economy, including the first policy document specifically named "silver economy" in January 2024, which outlines 26 measures to enhance elderly welfare [2] - Continuous policy planning and incentives for the elderly care service system are being established, contributing to the growth of the silver economy as a new engine for the national economy [2] Group 3: Market Demand and Supply - There is a mismatch between the supply and demand in the silver economy, with insufficient products and services to meet the diverse needs of different elderly demographics [3] - For instance, in Shanghai, while single and double rooms in elderly care facilities have high occupancy rates (80%-90%), larger rooms have lower occupancy, indicating a need for restructuring to increase the supply of smaller accommodations [3] Group 4: Industry Innovations - Companies in the insurance sector, such as Taikang Insurance Group, are actively expanding into the elderly care community market, with 44 projects across 36 cities and over 17,000 residents served [3] - The integration of medical care and innovative models is being emphasized to meet the high-quality healthcare needs of the elderly [3][4] Group 5: Future Trends - The concept of aging is shifting from merely providing care to promoting enjoyable aging experiences, leading to the development of "pre-aging" and "prepared aging" economies [3] - The long-life economy is expected to bring profound changes to the economic structure and lifestyle, creating significant growth opportunities for the elderly care industry [4]

【 导读 】 基金经理解读消费新政 中国基金报记者 张燕北 孙晓辉 消费板块再迎重磅利好！ 6月24日，中国人民银行、国家发展改革委、财政部、商务部、金融监管总局、 中国 证监会 等六部门 联合发布《关于金融支持提振和扩 大消费的指导意见》（ 以下 简称《指导意见》），从支持增强消费能力、着力提升金融机构专业化服务能力、加大消费重点领域金融支 持、强化消费基础设施和流通体系的金融支持、加强基础金融服务优化消费环境等方面提出19条具体举措，为更好发挥消费对经济发展的 基础性作用提供有力支撑。 受访基金经理认为，该政策立足长远，有利于打通消费领域尤其是服务消费和新消费的金融堵点，激活内需新引擎。 对资本市场而言，由于消费板块当前估值处于历史低位，政策落地将显著提振信心， 服务消费或好于实物消费 。不过，部分前期涨幅较大 的"新消费"概念股可能面临调整压力。 打通金融堵点 激活内需新引擎 在受访基金经理看来， 提振消费是我国经济转型的重头戏。外围不确定性的增加使市场交易主线从出口驱动转向内需驱动。 《指导意见》 的 推出， 主要目的在于打通金融堵点，激活内需新引擎。 永赢新兴消费智选基金经理蒋卫华表示， 当前外需不 ...

国家发展改革委党组在《学习时报》发文指出，大力提振消费。实施好"两新"政策。加快资金下达，提 高资金使用效率，推出加力实施设备更新贷款贴息政策，在后续资金分配中向工作成效较好的地区倾 斜。推动消费扩量增效。实施好城乡居民增收、消费能力保障等重点行动，建立实施育儿补贴制度，促 进 养老、 托育、文化、 旅游等服务消费，加快形成促进消费增长的政策合力。指导限购城市针对长期 摇号家庭和无车家庭等重点群体 定向增发购车指标。同时，在供给端持续推动市场创新升级，把提振 消费和发展 新质生产力结合起来，支持新型消费加快发展。 ...

"未来十年，是健康行业从服务到产业化发展的十年，也是老龄产业快速发展的黄金十年。" （原标题：从医养结合到"城市养联体" 十岁的泰康之家锚定新方向） 2025年6月26日，在泰康之家·燕园开业运营十周年之际举办的"2025长寿时代老龄产业高质量发展研讨 会"上，泰康保险集团管委会成员、泰康之家首席执行官邱建伟作出了上述判断。 邱建伟表示，应对这八大趋势，泰康之家将全力推进城市养联体，依托大规模旗舰养老社区和康复医院 已经形成的专业能力，深入打造"旗舰CCRC社区、城心机构、社区+居家业务"三位一体的"城市养联 体"模式，构建长寿时代老年生命产业链的基础设施与服务体系，向社区和居家的养老服务延伸，惠及 更多的家庭。 据泰康之家方面介绍，在"城市养联体"建设方面，泰康之家已经在北京、上海、成都、青岛等多个城市 进行了探索，例如在北京，已经落地了四个项目，即泰康之家·燕园养老社区、泰康之家·和平府、泰康 之家·北清府、东城区和平里街道养老服务中心/海淀区西北旺镇养老服务中心，形成了多层次的养老服 务组合。 十年来，泰康之家从燕园启航，到如今全国布局36个城市44个项目，开业22城25家社区，在住居民超 17,000 ...

要鼓励产业园区发展，支持有条件的地区建立银发经济产业园区。鼓励现有产业园区布局银发经济相关 产业。集聚产业链上下游企业，培育老年用品生产制造、科技研发、贸易集散等产业集群。推进国际交 流与合作，促进国内外银发经济相关产业对接与宣传推广。 到2027年，辽宁省要培育建立4个以上银发经济产业园区，乡镇(街道)区域性养老服务覆盖率达到70%， 每年新建和改造养老机构不少于50家。打造一批银发经济重点产业、品牌企业、重大项目，银发经济成 为拉动消费的新经济增长点。 《实施方案》提出，要发展居家和社区养老服务，打造"辽养到家"品牌，发展社区支持下的居家养老服 务，鼓励养老机构、家政公司、物业服务企业、互联网平台等为老年人提供上门助餐、助浴、助洁、助 行、助医、助急以及专业陪护、挂号取药等多元化服务。加快推进区域性养老服务中心、嵌入式社区养 老服务设施、老年助餐机构建设，到2029年基本建成覆盖城乡的三级养老服务网络。 要优化机构养老服务，鼓励各地区因地制宜发展兜底保障型、普惠支持型、完全市场型养老机构。完善 公办养老机构委托运营机制。探索将具备条件的公办养老机构改制为国有养老服务企业，支持相关企业 发展壮大为养老产业集 ...

Core Insights - The article highlights the 10th anniversary of Taikang's flagship elderly care community, Taikang Home Yanyuan, which has expanded to 36 cities with 44 projects and over 17,000 residents [1] Group 1: Expansion and Community Engagement - Taikang Home has opened 25 communities across 22 cities, with a focus on creating a high-quality living environment for seniors [1] - The community offers over 200 courses through its five colleges, including film, broadcasting, and health-related classes, promoting lifelong learning [1] - Taikang Home has established over 300 resident interest clubs, with an average participation rate of 22 activities per resident [1] Group 2: Innovative Care Models - The "1+N" multidisciplinary care model includes a team of professionals such as case managers, nurses, and social workers, with an average age of 31.8 years and 75% holding college degrees [2] - Taikang Home has developed a memory care service system featuring non-drug therapies like multi-sensory stimulation and music therapy, addressing the needs of dementia patients [2] - The palliative care service, part of the comprehensive care system, has served over 2,600 clients across 10 facilities, providing dignified end-of-life care [2] Group 3: Future Directions - In the next decade, Taikang Home aims to build "urban medical and elderly care networks" to enhance the accessibility of high-quality services [3] - The company plans to focus on developing a leading medical education and research platform, leveraging AI to innovate and validate care scenarios [3] - Taikang Home seeks to drive high-quality industry development by maximizing the value potential of the longevity economy [3]

长周期考核更符合养老金"长钱"特点 "养老金负债周期长、体量大、来源稳，要求长期稳健保值增值，具有长期投资的天然需求和与之适应 的长周期考核内在需要。"长江养老保险受托业务总部副总经理、养老金融研究中心负责人曾宪才对 《金融时报》记者表示。 今年1月，中央金融办、中国证监会、财政部、人力资源社会保障部、中国人民银行、金融监管总局联 合印发的《关于推动中长期资金入市工作的实施方案》提出，加快出台企(职)业年金基金3年以上长周 期业绩考核指导意见。证监会主席吴清在国新办发布会上强调，实施长周期考核能有效熨平短期波动对 业绩的影响，是引导中长期资金入市的"关键制度突破"。人力资源和社会保障部副部长李忠表示， 将"更加注重基金中长期收益，健全长周期考核机制"。 近日，人力资源社会保障部公布2025年一季度全国企业年金基金业务数据显示，截至2025年一季度末， 全国16.82万家企业建立企业年金，参加职工3290.81万人。 企业年金投向一直被视为投资风向标，其投资业绩也备受关注。从年金投资管理情况看，截至2025年一 季度末，企业年金基金积累达到3.73万亿元，投资资产净值3.70万亿元，近三年(2022年4月1日— ...

Core Viewpoint - Hong Kong is experiencing significant demographic changes due to aging, leading to a diversified elderly care industry, exemplified by Anew Health Limited's IPO plans and growth in pain management services [1][6]. Company Overview - Anew Health Limited plans to raise $15 million by issuing 3.75 million shares at $4 each, aiming for a Nasdaq listing under the ticker "AVG" [1]. - The company has been operating since 2007, focusing on pain management and health services, leveraging a blend of traditional Chinese medicine and advanced energy treatment technologies [1][2]. Financial Performance - For the fiscal year ending March 31, 2024, Anew Health reported revenues of approximately $40.8 million, a 49.6% increase from $27.3 million in the previous year [3]. - The net profit surged by 122.1%, reaching $11.73 million compared to $5.28 million in the prior year, indicating a successful doubling of profits [2][4]. - The gross margin improved significantly from about 62.7% to approximately 72.3%, reflecting enhanced profitability of the company's services [2]. Customer Base and Service Offering - The company served 8,692 clients in fiscal year 2024, a slight increase from 8,654 clients in 2023, indicating stable customer retention [2]. - Pain management and health services accounted for 99.87% of total revenue, while healthcare product sales contributed less than 1% [2]. Market Trends - The elderly population in Hong Kong aged 65 and above is projected to rise from 18.4% of the total population to 30.9% by 2036, driving demand for elderly care services [6]. - The non-drug pain management customer base is expected to grow from approximately 206,600 in 2012 to a forecasted 281,400 by 2025, with a compound annual growth rate of 2.4% [6]. Investment and Cash Flow - Despite the increase in net profit, the net cash flow from operating activities decreased by 46.3%, raising concerns about the quality of earnings [4][5]. - The company significantly reduced its investment cash outflow by 90.6%, from $1.98 million to $186,038, possibly due to strategic adjustments or cash flow pressures [5]. Regulatory and Operational Considerations - Anew Health's products have not received approval from regulatory bodies like the FDA or EMA, which may pose risks to its business operations [9]. - The company does not operate as a registered medical clinic under Hong Kong law, which may limit its service offerings and revenue diversification [9].

鲁担科技贷 疏源开渠浇灌科创沃土 当清晨的阳光洒进聊城市莘县某养老机构，张奶奶正在崭新的康复器械上舒展筋骨。而半年前，因缺少 抵押物，该机构负责人还在为设施更新的资金缺口发愁。山东投融资担保集团的"鲁担养老服务贷"如同 一场及时雨，快速到位的500万元贷款不仅解了该机构燃眉之急，更让机构床位跃升至270余张，成为当 地规模最大的养老机构。 中小民营养老机构因规模小、盈利能力弱、缺乏有效抵押物，普遍存在融资难题。山东投融资担保集团 深谙其困，创新推出"鲁担养老服务贷"，力破中小型民营养老机构融资难题。据了解，该产品通过"政 府引导、担保增信、银行授信"三方协同模式，实现了金融资源与养老服务需求的精准对接。并创新构 建了银行、国担基金、省级再担保和市、县级政府性融资担保机构四级风险共担机制，各按20%比例共 担分险，增强了整个融资担保体系的稳定性。 据悉，"鲁担养老服务贷"依托大数据风控平台，实现自动化风险评估和快速审批。其费率低、免抵押， 数据显示，产品推出仅五个月，便已为11个融资主体提供专项担保贷款3248.2万元。在2025"好品金 融"活动中，该产品成功入围"养老金融典型产品"名单。 据悉，"鲁担科技贷 ...