Concept tracking of Hong Kong stocks | Accelerate the cultivation of a group of leading silver economy enterprises! Multiple departments speak out, these tracks are worth paying attention to (with concept stocks)

Recently, the "Opinions of the CPC Central Committee and the State Council on Deepening the Reform and Development of Elderly Care Services" (referred to as the "Opinions") was released. The State Council Information Office held a press conference on January 9th to introduce relevant measures for deepening the reform and development of elderly care services. Liu Ming, Director of the Social Development Department of the National Development and Reform Commission, stated that the next step is to tap into and cultivate the consumption potential of the silver economy, focus on improving services, and promote the high-quality expansion of the silver economy. The first priority is to strengthen the main players, support various enterprises to actively participate, accelerate the cultivation of a group of leading enterprises in the silver economy, and promote the gradual development of the silver economy towards diverse formats. According to data from the National Bureau of Statistics, by the end of 2023, China's population aged 60 and above reached 297 million, accounting for 21.1% of the total population. The Department of Aging Health of the National Health Commission predicts that by 2035, the elderly population will reach 400 million, accounting for around 30% of the total population. Deepening the reform and development of elderly care services is a key task in implementing the national strategy to actively address the aging population. The aging population brings new opportunities for development: the aging workforce will drive technological progress; the desire for "aging enjoyment" will boost the rising trend of the silver economy. It is reported that the silver economy industry chain not only covers the production and manufacturing enterprises of products such as aging-friendly clothing, drugs and food, household daily necessities, travel, and rehabilitation aids, but also includes service providers such as early screening of elderly diseases, elderly tourism, elderly residence care, health care, household services, education, consultation, and elderly pension finance. Many A-share listed companies are actively investing in the silver economy industry to meet market demand. For example, in the field of mobility aids, Shenzhen Hl Corp (Shenzhen) Industrial Development Co., Ltd. has a complete wheelchair assembly line and is actively conducting research and development of manual and electric wheelchairs. The company stated that the future development of wheelchairs will be driven by technological advancement, especially the further improvement of electric and smart wheelchairs. The Thousand-Foot Academy under Quantum's Song is committed to building an education service network covering communities through a combination of "online + offline" mode. KPC Pharmaceuticals, Inc. aims to be a leader in the silver health industry, continuing to develop a series of oral products represented by "Kunyao Xuesaitong Soft Capsules" and a series of serious treatment products in the elderly health field, to build a comprehensive platform for chronic disease management. In addition, with the support of technologies such as artificial intelligence in recent years, the elderly care industry is moving towards intelligent and digitized development, with smart elderly care products such as Siasun Robot & Automation gradually integrating into daily life. In September 2024, Tencent Robotics X Laboratory launched a humanoid Siasun Robot & Automation named "Xiaowu." Xiaowu possesses advanced features such as a four-legged wheel-foot composite design, large-area tactile skin, dexterous multi-finger hand, and safe human-robot physical interaction. In experimental scenarios, Xiaowu successfully completed tasks such as delivering parcels to the elderly and helping them get out of bed. The Tencent Robotics X Laboratory stated that "Xiaowu" needs further iteration of its hardware and software capabilities. It is currently more of a prototype, and it will take some time to truly enter nursing homes. In August 2022, UBTECH ROBOTICS' smart health and care full-scenario solution was globally applied. On June 8, 2023, UBTECH ROBOTICS Technology and Japan's Mitsui China subsidiary, Mitsui Elderly Care Service (Shanghai) Co., Ltd., announced the establishment of Youdi Health Technology (Shenzhen) Co., Ltd. Empowering the health and care industry with AI and Siasun Robot & Automation technology, creating the world's top health and care service Siasun Robot & Automation and solutions. In terms of elderly pension finance, data shows that as of the end of June last year, BANKCOMM optimized credit policies in the health, elderly care, and silver economy sectors, actively promoted inclusive special refinancing for the elderly care industry, with a credit balance in the elderly care industry growing by 28.83% from the end of the previous year, exceeding the average increase in public loans across the bank. In addition, ABC, Postal Savings Bank of China, mainly led by the personal financial departments, are responsible for coordinating the work related to elderly pension finance. Among the joint-stock banks, China Everbright Bank, CITIC Bank, etc., are also led by the personal financial departments in implementing these initiatives. It is worth mentioning that some banks are integrating pension finance with financial technology. For example, China Merchants Bank is exploring the use of AI artificial intelligence technology in elderly pension finance, continuously building distinctive service capabilities in online customer service and digital management. Related concept stocks: Ping An Insurance (02318): In the 2023 annual report, Ping An Insurance made a strategic adjustment to deepen the integration of "comprehensive finance + medical health" into "comprehensive finance + medical care and elderly care." As a result, elderly care has become part of the entire group's strategic layout and plays an increasingly important role. Bank of China (03988): At the end of 2023, the entrusted fund scale of Bank of China's pension reached 209.886 billion yuan, an increase of 39.643 billion yuan from the end of the previous year, a growth of 23.29%; the number of individual accounts managed by the enterprise pension reached 4.1237 million, an increase of 224,900 from the end of the previous year, a growth of 5.77%; the entrusted operating funds of the pension reached 992.39 billion yuan, an increase of 85.788 billion yuan from the end of the previous year, a growth of 9.46%; and the service period reached more than 18,200 companies. BJ HEALTH (02389): The company is primarily engaged in providing medical, health, and elderly care-related services and products. The healthcare product business provides furniture to nursing homes, hospitals, and schools. The elderly care business provides elderly education services through Dongguan Golden Sun Abrasives and Hong Kong.Thailand's brand development includes nursing homes, medical care for the elderly, as well as elderly care platforms, home communities, and more.New China Life Insurance (01336): As one of the first companies to participate in the pilot exclusive commercial pension insurance, New China Life Insurance launched the outstanding selection exclusive commercial pension insurance product in 2021. In 2024, New China Life Insurance also actively responded to the national call for promoting the implementation of the individual pension system, launching two products, Perfect Selection and Jin Yue Selection, that support individual pension business, and further updated and iterated the products in September.