Guangdong, Hong Kong and Macao explore the Greater Bay Area “cross-border pension”

2022-05-24 0 By

Senior citizens hold birthday party in elder care community in mainland city of Greater Bay Area.As the integrated development of Guangdong, Hong Kong and Macao continues to deepen, a high-quality living circle suitable for living, working and traveling has gradually taken shape, and the mainland cities of the Greater Bay Area have gradually become the first choice for many Hong Kong and Macao elderly.The expert inside course of study thinks, in terms of “cross-border endowment”, Hong Kong and Macao and mainland big bay city has a broad space for cooperation, China has abundant land and human resources, Hong Kong and Macao have advanced medical conditions and rich social endowment service experience, both complementary advantages play a synergistic effect, is not only beneficial to meet the demand of Hong Kong and Macao society growing pension,It will also activate the medical and old-age care industry in the Greater Bay Area for mutual benefit and win-win results.Ouyang Leung, a Native of Hong Kong, is one of many elderly people from Hong Kong and Macao who choose to retire in Jiangmen, Guangdong province.Although he is old enough to be an octogenarian, he is in good health and runs several times around the nursing home where he lives every day. According to him, Jiangmen is comfortable with good environment and large space.Every time he saw some elderly people from Hong Kong and Macao come here to consult, he would take the initiative to introduce the environment and his life here to them.The elderly often say: “I hope more and more elderly people from Hong Kong and Macao can come here to retire, because it is really good.”Indeed, the same 4,000 yuan monthly rent, in Hong Kong can only live in a narrow bed, but in the mainland can live in a spacious single room, this account the elderly can understand very well.In fact, in addition to the relatively cheap fees, the environment and facilities of nursing homes in the mainland are better.Nursing homes in the mainland generally advocate the integration of medical care and elderly care, that is, the integration of medical care and elderly care in the hospital. Some nursing homes have 24-hour resident doctors, while others are located adjacent to hospitals, which provide better health support for the elderly and provide better care for long-term patients with large outdoor space.In terms of entertainment facilities, most nursing homes with a monthly rent of more than 4,000 yuan are equipped with fitness centers, swimming pools, karaoke rooms and other supporting facilities. The elderly can arrange their daily life according to their own hobbies.”In the past, old-age care mainly focused on solving the problems of daily necessities such as food, clothing, housing, medical care and daily necessities.Now, old-age care will shift from ‘life necessary’ to enjoyment, development and participation.”Wu Yushao, deputy director of the Institute of Aging at Fudan University, believes that today’s elderly have higher demand for high-quality elderly care services.Therefore, many pension institutions in the Greater Bay Area have adapted to this trend by opening universities for the elderly and offering courses such as classical dance, folk dance and vocal music, which have greatly enriched the lives of elderly people from Hong Kong and Macao who go to the Mainland for retirement.Both Hong Kong and Macao are long-lived societies. The average life expectancy of residents is over 84 years old, and the aging index of the population is on the rise, putting great pressure on social security, medical care and old-age care and other areas of people’s livelihood.”The population of Hong Kong will reach 8.11 million by 2040,” said Wong Wai-lun, the Secretary for Development of the Hong Kong SAR Government, in a recent blog post. “The population is rapidly aging, and residential housing is also aging. There is a great demand for land for housing and social facilities for the elderly.”As for how to cope with these challenges, the general consensus in Hong Kong and Macao is to prepare for a rainy day.Promoting and developing “cross-border pension” provides a solution.According to the Census and Statistics Department of the Hong Kong Special Administrative Region Government, as of 2020, about 540,000 Hong Kong permanent residents were living regularly in Guangdong province, of which 16.5%, or about 90,000, were aged 65 or above.Lam Ching-choi, chairman of Hong Kong’s Elderly Commission, said Hong Kong had done well in health care, social services and planning, but land and manpower were “the two biggest mountains”.As mainland cities in the Greater Bay Area have more resources in these two aspects, it is also a good thing for Hong Kong to build more nursing homes here.In Macao, “cross-border pension” is no longer a new word.In recent years, guangdong and Macao have jointly launched a series of measures to promote the elderly care of Macao residents in Hengqin, including 24-hour customs clearance, pilot medical insurance for Macao residents who have been living in Hengqin, the introduction of the Federation of Macau Street associations, and the construction of “Macau New Neighborhood” integrating elderly care, education and medical care.It is expected that in 2023, “Macau New Neighborhood” will be completed. This comprehensive livelihood project, which integrates housing, medical care, education, community services and other functions for Macao residents, is expected to provide a brand new example and reference for the “cross-border elderly care” service market in the Greater Bay Area.Shao Jianbo, director of the Guangzhou Center of the Hong Kong Federation of Trade Unions, believes that in the long run, elderly people from Hong Kong and Macao will go to the mainland for retirement. If the welfare policy can support it, more and more elderly people from Hong Kong and Macao will want to go back to the mainland for retirement.On the premise of proper placement of retirees, it can also effectively reduce the elderly pressure in Hong Kong and Macao.Attracting funds to develop pension Industry The great opportunities and market in medical care and pension in the Greater Bay Area attract capital and talents.In February 2019, the CENTRAL Committee of the COMMUNIST Party of China and The State Council issued the Outline of the Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, in which “elderly care” was mentioned six times, with special reference to strengthening the connection between cross-border public services and social security, and supporting Hong Kong and Macao investors to set up social service institutions such as elderly care institutions in the nine PRD municipalities.How to connect with policies and seize the golden opportunity of industrial development?People in the industry are exploring.Leung Kam-chung, former financial secretary of the Hong Kong SAR government and chief executive of Nan Fung Group, said late last year that he was exploring opportunities in Guangdong province to set up pilot international medical and old-age care zones.He believes that in the international medical and pension test zone, should be allowed to use both the mainland and Hong Kong and Macao and advanced medical drugs and technology of the country, allowing mainland, Hong Kong and Macao and international qualified doctors practising in the test zone, encourage Hong Kong and Macao and the international advanced management experience of medical institutions set up branches, medical data on the mainland and Hong Kong hospital authority data docking, etc.Mr Leung said such pilot zones could improve the overall quality of medical and elderly care services in the Greater Bay Area, meet the growing demand for high-quality medical and elderly care services from the mainland and provide high-quality medical and elderly care services to compatriots in Hong Kong and Macao.”Mainland cities in the Greater Bay Area need to improve the life chain of elderly care, rehabilitation and hospice care to attract the elderly from Hong Kong and Macao.”Qiu Jianwei, CEO of Taikang Home, a company that builds communities for the elderly, said the company plans to find communities in Zhuhai and Huizhou to specifically address the needs of elderly people in Hong Kong and Macao.Qiu Jianwei believes that if the health insurance and other policies in the Greater Bay Area can be improved in the future, the development of the pension industry in the Greater Bay Area will be better promoted.(Reporter Wang Lingxi) People’s Daily Overseas Edition (February 12, 2022 edition 04)