产业端方面，此番措施从两个方面支持养老产业发展，一是拓展丰富融资渠道，支持符合条件的养老产 业企业扩大直接融资渠道，探索发行养老基础设施领域REITs，探索提升跨境投融资便利化水平；二是 综合衔接协同各项支持政策，发挥小微企业融资协调工作机制，用好广州市普惠贷款风险补偿机制、政 府性融资担保及再担保机制、创业担保贷款政策，以及人民银行结构性货币政策工具等。 金融支持养老产业发展尤为关键，毕竟，归根结底，养老服务的好与坏，主要取决于供给端，行业是否 规范发展，将直接影响服务质量。让人遗憾的是，当下养老产业快速发展，但是也出现鱼龙混杂甚至以 养老为噱头实施诈骗的现象。 广州的养老金融发展有了新的政策支持。5月14日，广州印发《广州市关于促进养老金融高质量发展若 干措施》（简称"12条"），推进做好养老金融大文章，支持广州多层次养老保障和服务体系建设。 在人口老龄化的大背景下，对于养老产业，政策需要从诸多方面给予支持，而金融无疑是养老产业发展 的重要动力。"12条"主要从消费端和产业端发力，支持养老行业规范发展。 消费端方面，强调优化养老金融产品。措施包括两个方面，一是提升对多层次多支柱养老保险体系建设 的金融服务 ...

Core Viewpoint - Guangzhou is promoting high-quality development in the pension finance sector through a set of measures aimed at expanding direct financing channels for pension industry enterprises [1][2]. Group 1: Demographics and Current Status - As of the end of 2024, Guangzhou's population aged 60 and above is 2.1292 million, indicating a transition into a moderately aging society [1]. - The basic pension insurance system in Guangzhou is maturing, with efforts underway to achieve "full coverage of the system" and "full coverage of individuals" [1]. - A total of 3,015 enterprises have established enterprise annuities, covering 510,000 employees [1]. Group 2: Key Measures for Pension Finance Development - The "Pension Finance Twelve Measures" outlines important tasks for the development of pension finance in Guangzhou, including support for financial institutions to provide comprehensive management services for basic pension insurance, enterprise annuities, occupational annuities, and personal pensions [1]. - There is an emphasis on enriching the supply of financial products for the third pillar of pension insurance (personal pensions) and promoting the development of financial products with pension attributes [1]. - Financial institutions are encouraged to establish dedicated pension finance departments or specialized institutions to support the development of the pension industry [1]. Group 3: Financing and Investment Opportunities - The measures support eligible pension industry enterprises to expand direct financing channels through methods such as listing, issuing bonds, and exploring the issuance of real estate investment trusts (REITs) in the pension sector [2]. - There is a focus on enhancing cross-border investment and financing facilitation, particularly in collaboration with Hong Kong and Macau to develop cross-border pension financial products and medical insurance products [2]. - Insurance companies are encouraged to invest steadily and participate in the development of home-based, community, and institutional elderly care services [2].

Group 1 - The core viewpoint of the news is the introduction of measures by various financial regulatory bodies in Guangzhou to promote the high-quality development of pension finance [1][2][3] - The measures aim to enrich the supply of third-pillar pension financial products, encouraging financial institutions to develop pension-related funds, wealth management, and insurance products tailored to individual risk preferences [1] - Banks are encouraged to develop exclusive personal pension savings products and to provide customized family trust services, thereby enhancing the personalized pension needs of different demographics [1] Group 2 - There is an emphasis on increasing financing support for the elderly care industry, with financial institutions encouraged to establish dedicated pension finance departments and provide credit support for elderly products, infrastructure, and smart elderly care equipment [2] - Financial institutions are urged to explore financing models that support the entire elderly care industry chain while ensuring risk control, promoting collaboration between financial and elderly care industry organizations [2] - The measures also support the expansion of direct financing channels for eligible elderly care enterprises through listings, bond issuance, and regional equity markets [3] Group 3 - The establishment of a silver economy investment fund by state-owned enterprises is encouraged, focusing on seed and early-stage innovative companies in the elderly care sector [3] - The news highlights the exploration of real estate investment trusts (REITs) for eligible projects in the pension sector and the facilitation of cross-border financing for elderly care enterprises [3] - Local financial organizations are encouraged to provide diversified financial services tailored to the needs of the elderly care industry [3]