Research on Financial Fund Investment of Basic Old-Age Service Industry and Related Countermeasures

Abstract

With ageing society continues to deepen, Survival and development of the elderly people has become the focus of the whole society in China, in the end of 2020, there are more than 250 million people over the age of 60 in China, accounting for one 5 of the population. In recent years, retirement services industry development is rapid, and China also set up a basic retirement services industry system. At the same time, a series of policies related to elderly people have been introduced, involving population policy, social security and other livelihood issues. However, problems such as insufficient supply of old-age service and products, imperfect fiscal and tax policies for old-age service, and unbalanced development among regions remain prominent. The development of elderly care services cannot be separated from financial support, and the construction of basic retirement service system need more capital input, also the core guarantees of basic old-age service are the investment and payment system construction. Therefore, this paper studies the financial fund problems of the basic old-age service industry and puts forward corresponding countermeasures.