Research On PPP Operation Plan For The Old-age Project Of The Bajiao Building In Yuanling, Futian District, Shenzhen

At present,our country is in urgent need to expand home,community and institution pension services in order to strengthen the construction of pension service system,in the meantime to improve the talents cultivation and to upgrade the ability to serve institutions and enterprises.In these ways can we ensure the supply of pension service with effectiveness,efficiency and reasonable price.China now has two modes for running pension services,i.e.public mode and private mode.For the public mode,government undertakes the responsibility for both investment and operation;for the private mode,the private sectors are responsible for investment and operations within the framework of the government's policies and supervision.With the only two existing modes,there are still substantial gaps in the pension services.Public pension service takes a vital role as it adopts the most vulnerable.Private pension service aims at more wealthy elder people who have purchasing power.In this case,there is a lack of pension services and products that serve the low and middle income earners.The government and Public-private Partnership(PPP)therefore provide another route for pension service,which is expected to meet the needs of the working class.In2013,the State Council issued a document to support the endowment institutions running by social forces.In February 2015,ten ministries and commissions jointly issued another document,emphasizing to make social forces become the main force of developing pension services.The document also states clearly to put forward the construction or development of endowment institutions by using the PPT mode,support the development of pension service industries that open up to the social public,and also the investment from social capital.This study is a case study based on the Octagon House pension service project in Yuanling,Futian District,Shenzhen.The paper mainly studies its PPP mode operation scheme design,risk allocation and basic legal framework systems,analyze its socialcapital(operators)risk prediction and avoidance,the operation and management of its project,trading structure and so on.Some main points are as follow:First,the PPP structure design,i.e.during the implementation of the PPP pension service project,the asset spending,the property and management rights of pension service facilities,and also the rest control rights of the project assets for the public and private parties.Second,the benefit and risk sharing mechanism,i.e.during the implementation of the PPP pension service project,the risks and income distribution mechanism for both parties.Third,the reconstruction,operation and supervision of the PPP project,i.e.during the implementation of the PPP pension service project,the ways for all shareholders to participate and the ways to achieve the rights and interests.Fourth,the contract management of the project,i.e.The management mechanism of the negotiation,signing,performance of contracts,and the effective realization of rights and obligations written in the contracts for both parties.