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中金 | “十五五”研究系列:哪些领域有望受益银发经济?
中金点睛· 2025-11-30 23:49
Core Viewpoint - The article emphasizes the importance of the "Silver Economy" in China's response to population aging, highlighting both opportunities and challenges in the capital market due to demographic changes [2]. Summary by Sections Definition and Scope of Silver Economy - The concept of the Silver Economy is evolving, with different definitions across countries based on their economic development and aging stages. The first official policy document in China, titled "Opinions on Developing the Silver Economy to Promote the Well-being of the Elderly," defines it as a series of economic activities providing products or services to the elderly and preparing for aging, covering a wide range of sectors and showing significant potential [3][4]. Development Trends of Silver Economy in China - China entered an aging society in 2001 when the population aged 65 and above exceeded 7%. By 2021, this figure rose to 14.2%, with over 200 million elderly individuals. Projections indicate that by 2032, this demographic will surpass 20%, marking the transition to a super-aged society. The elderly dependency ratio is expected to increase from 10% in 2001 to 23% in 2024, and further to 34% and 52% by 2035 and 2050, respectively [5][6]. Market Size and Government Support - The current market size of China's Silver Economy is estimated at approximately 7 trillion yuan, projected to grow to around 30 trillion yuan by 2035, accounting for about 10% of GDP. The consumption patterns of the elderly are shifting from basic needs to quality of life improvements, driven by enhanced education and wealth levels. The government has introduced various policies to support the development of the Silver Economy, including the "14th Five-Year Plan" and the recent comprehensive policy document outlining 26 specific tasks [6][7]. Investment Opportunities in Capital Markets - The growth of the elderly population and the transformation of consumption patterns are expected to create investment opportunities in several sectors, including: - **Healthcare and Pharmaceuticals**: Companies focusing on drugs for common elderly diseases and medical devices like artificial joints and rehabilitation robots are likely to benefit [8]. - **Elderly Consumer Goods**: The shift towards quality demands in food, smart home devices, and services like travel and education for the elderly presents growth potential [8]. - **Insurance and Financial Services**: The aging population is driving innovation in life insurance and health insurance products, making these sectors attractive for investment [9]. - **Technology and Smart Elderly Care**: The integration of AI and IoT in elderly care products is gaining traction, with significant market interest in smart caregiving solutions [9].
数智赋能康养,2025健康中国建设大会解锁长三角智慧养老新路径
Yang Zi Wan Bao Wang· 2025-11-24 14:32
Group 1 - The 2025 Health China Construction Conference and Yangtze River Delta Smart Health Carnival was held in Nantong, focusing on the integration of digital technology and health services for the elderly, aiming to boost the construction of a healthy China [1] - Nantong has been recognized as a model city for health construction in China for three consecutive years and has established a long-term care insurance system, becoming the first city in the country to do so [2] - The city has a robust foundation in the health and wellness industry, with international companies like Merck and Bayer, as well as local leaders like Jinghua Pharmaceutical, contributing to its growth [2] Group 2 - Nantong has become the first city in China to be designated as a pilot area for stroke prevention and reduction, which aims to create a replicable model for stroke prevention [3] - The Health China Construction Conference featured discussions on elderly health digital services and the development of long-term care insurance, focusing on building a comprehensive medical and health service system [3] - The Yangtze River Delta Smart Health Carnival showcased over 1,000 products related to smart health equipment, rehabilitation aids, and biomedicine, attracting participation from more than 80 companies [3]