Date
19 October 2017

Shanghai seeks private investment in elderly care, report says

Shanghai may ask the district governments within its jurisdiction to include nursing home industry development into their overall planning focus in the coming years as part of efforts to support the sector and provide basic nursing services to the elderly amid the aging population, Chinanews.com reported late Tuesday, citing a source with knowledge of the matter. The municipal government will encourage private entities to invest in and operate nursing homes by providing investment subsidies or procurement of the services. District governments will be allowed to set customized supportive policies based on actual situation on the ground, the report said.

– Contact HKEJ at [email protected]

MY/AC/RC

 

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