The first elderly care industry loan after the implementation of the new policy on landing service consumption and re-lending for the elderly in Beijing.

On May 9th, the People's Bank of China established a 500 billion yuan re-lending facility for consumer services and elderly care, incentivizing and guiding financial institutions to increase financial support for key areas of service consumption and the elderly care industry. On May 12th, the People's Bank of China Beijing Branch guided the Industrial and Commercial Bank of China Beijing Branch to provide a 40 million yuan loan to a certain elderly care institution. This institution currently operates 30 health and elderly care projects, manages 6200 various types of elderly care beds, and has provided services to 56 training and rehabilitation institutions. This loan is specifically used to support the development of elderly care services and the construction of a healthy elderly care ecosystem for this institution, marking the first successful implementation of an elderly care industry loan since the issuance of the consumer service and elderly care re-lending policy. In recent years, the People's Bank of China Beijing Branch, together with relevant local departments and financial institutions, has continuously improved the elderly care financial policy system, organizational system, product system, and service system. The Beijing Supervision Bureau of the China Banking and Insurance Regulatory Commission and other departments have issued the "Guiding Opinions on Promoting the High-Quality Development of Elderly Care Financial in Beijing" and a three-year action plan, promoting the establishment of specialized elderly care financial business lines in large and medium-sized banks, introducing specialized financial products for elderly care institutions and the elderly care industry chain, promoting the adaptation of cash services at branches, self-service equipment for elderly users, and the establishment of elderly care financial service branches, conducting statistics on elderly care industry loans, and continuously improving the level of elderly care financial service capability. In the next step, the People's Bank of China Beijing Branch will, in accordance with the requirements of the "Guiding Opinions on Financial Support for the Development of Chinese-Style Elderly Care and the High-Quality Development of the Silver Economy," guide local banks to innovate financial products and services, and further increase financial supply in the elderly care sector.