Australian pension companies intend to dig gold in China's pension market

Source: on April 17, 2014, everyman.com, China's aging population growth and great opportunities for the future pension industry, not only make domestic capital invest in the pension industry, but also attract the attention of foreign enterprises During the Australian week when the Prime Minister of Australia visited China, the reporter learned that at present, several Australian pension and nursing related enterprises have focused on China, or have entered the Chinese market in the past one or two years On April 11, Royal Yiyang, Australia's largest elderly care service, signed an agreement with Nanjing Zhongshan College for a pilot project in China Royal Yiyang will provide management and operation training and consulting services to Zhongshan college It is understood that this is the first time that such agreements have been signed between China and Australia The agreement is estimated to be worth about $6 million Aveo, an Australian listed company, has officially entered China two years ago RDNS, an elderly care training company, invested in China a year ago, while several other companies have said they will develop the Chinese market In fact, behind the investment of Australian businesses in China's pension industry is a huge market with an annual growth rate of more than 20% According to the health service industry trend released by Roland Berger management consulting at the end of last year, in addition to medical services, pension services will become the largest incremental sector in the next few years Roland Berger conservatively estimates that by 2020, the scale of pension services will exceed 500 billion yuan, with an annual growth rate of more than 20% "China is facing more and more challenges in providing for the aged The next seven to eight years will be a blowout period of aging The aging rate in 2013 will be 14.8%, and it will rise rapidly to 18% in 2020." Liang Xinjun, CEO of Fosun Group, previously told reporters that the pressure of pension expenditure on the country and families will be very big, so he is optimistic about the huge pension industry market Julie Jackson, chief operating officer of Aveo China, said in an interview that the way the company invests in China's pension industry is to cooperate with Chinese enterprises At present, the company cooperates with the domestic TED (China) Holding Group Co., Ltd to jointly develop the pension community It is understood that at present, the company has built an elderly care community in Qingpu, including apartments for the elderly, elderly care, hospitals and hotels, which are operated by selling apartments and membership mode Not only that, the vigorous development of the pension industry also makes the enterprises specialized in providing talent training for the pension industry look to the Chinese market TR7 training service, which focuses on elderly care, health care and private hospital training, also said it would develop the Chinese market Shane Anderson, the company's director, told reporters that the company had been operating in India in the past year and would now expand its market in China, the Philippines and Malaysia According to the reporter's interview, the big difference between China and Australia is that in China, nursing staff are very unstable and it is difficult to be a certain career, while in Australia, there are many people who want to take elderly care as a lifelong career Michael barber, vice president of Princeton University, said in an interview with the daily economic news that in fact, 90% of them will be home-based care in the future, which is also the part that the government is encouraging He believed that in the next 5-10 years, related technologies such as telemedicine will develop rapidly.