Present situation analysis and development prospect of pension industry

The aging process in China is accelerating.

According to the United Nations, countries or regions where the elderly population over 65 accounts for more than 7% of the total population or 10% of the total population. China has entered an aging society since 2000, and the aging process in China is accelerating. In 20 19, the proportion of elderly people over 65 years old in China reached 12.6%, and the proportion of elderly people over 60 years old reached 18. 1%.

The demand for community pension is growing.

In China, most elderly people don't want to be a burden to their children, because children have their own lives and are under great pressure. Therefore, more than 75% of the elderly do not choose to live with their children. But emotionally, more than half of the elderly want their children to accompany them, which also reflects that most of the elderly in China need to accompany them. Community support for the aged, which can support the aged with like-minded friends and is not far from home, is gradually loved by the elderly. In 20 18, the proportion of community mutual support for the aged was the highest, reaching 55.15%; Followed by community institutions and facilities for the aged, accounting for about 27.27%; The proportion of registered pension institutions is about 17.58%.

The pension industry market has broad prospects for development.

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According to the data released by Credit Suisse in early February 2020, China will enter a super-aging society around 2032, that is, the population over 65 years old will exceed 10-25 years old. It is estimated that the population aged 60 and over in Chinese mainland will reach 300 million in 2025, exceed 400 million in 2033 and reach a peak of 487 million around 2050, accounting for about one third of the total population. China's pension industry is still in short supply. With the acceleration of the aging process in the future, the market demand for pension products will continue to expand, and the market prospect of China pension industry is broad.

—— The above data comes from the analysis report of China Pension Industry Development Prospect and Investment Strategic Planning by Prospective Industry Research Institute.