| Aging is a basic national condition for a long time in China.The impact of the aging trend on the economy cannot be ignored,which is mainly manifested in the aging of labor groups and the aging of consumer groups.Through the impact on consumption,savings and investment,the long-term growth of China's economy is suppressed.The aging trend has put forward new requirements for the ability of the finance to support economy,and there is an urgent need to develop aging finance to promote the steady growth of the economy.With the development of aging finance,its concept has been extended to all financial activities centered on aging demand,which are divided into three aspects:pension finance with pension fund system as the core,elderly care service finance with elderly care service financial products as the core and aging industry finance with investment and financing activities for aging industry as the core.At present,the development of China's aging finance has achieved certain results.In the aspect of pension finance,the government promotes the reform of the three-pillar pension fund system,and the market promotes the market operation of pension fund.In the aspect of elderly care service finance,the government promotes the construction of financial industry service system,and the market integrates supply of elderly care service.In the aspect of aging industry finance,the government stimulates social capital to enter the aging industry,and the market promotes innovation of financing products.However,limited by the short development time,China's aging finance is still in its infancy.The existing problems do not make it match the aging trend,and further weaken its ability to support the economy,which is highlighted as the contradiction between the growing diversified high-level aging demand and current low-level aging finance.Based on this,it is especially important to propose corresponding suggestions for the problems of current aging finance,and to innovate and develop aging finance that matches the aging trend,in order to realize the support of the aging finance to the economy.Develop pension finance to keep and increase the value of pension fund,so as to provide economic security for the elderly.Develop elderly care service finance to realize the inter-temporal management of wealth for retirement,to balance the supply and demand of elderly care service.Develop aging industry finance to meet the long-term financing of the industry involving elderly care service,so as to provide financial support for the industry.Develop aging finance through the above three aspects to promote sustainable economy growth under the trend of aging,and ultimately achieve harmonious development of society.In order to analyze the matching problem of China's aging finance under the current aging trend,this paper adopts specific case analysis,micro model analysis,and macro policy analysis methods,based on the economic and financial theoretical framework,to conduct research on pension finance,elderly care service finance,and aging industry finance,which involved in aging finance.In the aspect of pension finance,the system has been imperfect and unbalanced in structure,with the revealed funding gap increasing operation pressure of pension fund,which causes the contradiction between pension fund gap and improvement of aging security.In the aspect of elderly care service finance,the insufficient understand of elderly care,the limited retired assets,the initial financial format,and the vague regulatory mechanism,cause the contradiction between homogeneous product and diversified demand.In the aspect of aging industry finance,the rough support policies,the remaining financing gaps,the lacking long-term capital,and the rising financial risks,cause the contradiction between the supply of short-term financial funds and the demand of long-term financing.Then through the analysis of three examples,the paper tries to focus on respective sub-sectors,with a point to face,to highlight the highlights and existing problems of China's aging finance in specific examples.In terms of model analysis,the paper analyzes the hidden fund gap of basic pension insurance of urban employees,highlighting the seriousness of pension fund gap and financial pressure.In terms of case analysis,the paper analyzes the current situation of Shanghai's Reverse Housing Mortgage Loan,highlighting the urgency of localization and financial innovation of elderly care service.Also,the paper analyzes the PPP project of Dingshan Nursing Institute in Yixing City,Jiangsu Province,highlighting the innovative highlights of the PPP support for the aging industry model.In addition,it draws on the experience of aging finance development in the typical countries of the United States and Japan,which matches the aging trend,and provides corresponding suggestions for the innovation and development of China's aging finance under the aging trend.In the aspect of pension finance,the government should improve the first pillar fairness aging security,encourage the second pillar long-term market operation,accelerate the top-level design of the third pillar account system,and build a multi-level pension fund system.At the same time,the government should integrate market operation,expand investment scope,improve management efficiency,and achieve national co-ordination.In the aspect of elderly care service finance,the.government should cultivate aging concept with individual support supplemented by family support and society together with the government mutual guaranteeing.At the same time,the government should explore the needs of the elderly,focus on long-term investment,optirmize the business environment,and give full play to the unique advantages of the financial industry to provide elderly care financial products throughout the lifecycle.In the aspect of aging industry finance,the government should clearly the direction of development,with the aim of constructing the old-age community that provides services which combinate medical and aging resources,refine policies,develop precision,innovate financial products,expand financing channels,enhance financial intervention,and deepen integration of industry and finance.At the same time,the government should guide reasonable expectations,standardize project supervision,introduce financing guarantees,and prevent financial risks.According to the above policy recommendations,a multi-form and multi-level aging financial system will be formed.Government management and market operations will be paralleled.The legal support and the supervision system will be improved jointly.Finally,the aging finance will match the aging trend,and play a better role in serving the economy. |
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