Core Viewpoint - The development of elderly care services in China is increasingly focused on establishing dedicated institutions, similar to schools and hospitals, to create a comprehensive elderly care service system [1] Group 1: Institutional Development - The Ministry of Civil Affairs emphasizes the need for institutions to support the elderly care service system, highlighting the importance of street-level elderly care centers in building a "15-minute elderly care service circle" [1] - The Peace Li Street Elderly Care Center in Beijing, operated by Taikang Insurance Group, is one of the first centers to be approved in 2024, showcasing the integration of community services with institutional capabilities [3][4] - Taikang's Peace Li project combines institutional elderly care with community services, aiming to enhance resource efficiency and sustainability in elderly care [4] Group 2: Market Trends - There is a growing trend of insurance companies entering the elderly care service market, with Taikang leading the way in integrating community and institutional services [4][7] - Taikang has established a presence in 36 key cities with 43 projects, serving over 15,000 residents, and plans to complete its national layout by 2024 [4] - Other insurance companies, such as Ping An and China Life, are also expanding their services to include home-based elderly care, indicating a shift in the industry towards more comprehensive service offerings [7] Group 3: Service Models - The "institution + regional elderly care center" model is being explored as a collaborative approach between government and institutions to meet the growing demand for elderly care services [4] - The integration of technology and diverse service offerings is essential for improving the efficiency and effectiveness of home-based elderly care services [6] - The differences between institutional, community, and home-based elderly care services necessitate a reevaluation of management and service delivery models to enhance overall service capabilities [6]