Ping An Group Co-CEO Guo Xiaotao: The financial and medical retirement markets still face many pain points, which contain huge business opportunities.

"Finance and healthcare for the elderly are the two largest and fastest-growing industries in China in the future with high synergy." Guo Xiaotao said, as Chinese families accumulate wealth and their willingness to pay for health increases, the demand for financial and elderly care services will also increase. The current market still faces many pain points, but it also contains huge business opportunities. Guo Xiaotao interprets this from three points. Firstly, the size of the middle-income group in China is expanding rapidly and is expected to account for one-third of the global middle-income group by 2030, creating strong demand for financial services. Secondly, there is a strong demand for health services, with per capita healthcare expenditure in China currently far below the level in developed countries, and is expected to continue to grow in the future. Lastly, the silver economy wave is coming, and as the aging process accelerates in China, the demand for elderly care services is growing rapidly.