Notice in relation to “Implementation Plan for the High-quality Development of Pension Finance in Banking and Insurance Industries”
23 March 2025
The General Office of the National Financial Supervision and Administration Bureau (“the authorities”) issued the “Notice in relation to “Implementation Plan for the High-quality Development of Pension Finance in Banking and Insurance Industries” (“the Notice”) on 23 March 2025. The authorities proposed to support financially strong and well-managed insurance institutions to invest in elderly care institutions, rehabilitation hospitals and specialized hospitals and to participate in home, community and institutional elderly care services. In addition, the authorities encouraged financial leasing companies to conduct financial leasing business of medical equipment and supported the trust industry in providing financial services for elderly care.