Opinions in relation to Deepening the Reform and Development of Elderly Care Services
30 December 2024
The Central Committee of the Communist Party of China and the State Council (“the authorities”) issued the “Opinions in relation to Deepening the Reform and Development of Elderly Care Services” (“the Notice”) on 30 December 2024. The authorities proposed to improve the policy of supporting elderly care, provide training in the care skills for family members of the elderly, actively meet the credit and financing needs of elderly care service institutions, and increase the loan guarantee support provided by governmental financing guarantee and re-guarantee institutions to small-and-thin-profit elderly care enterprises.