On March 10, the appraisal meeting for the Research on Central SOEs’ Development of Elderly-caring Industry Model, a project jointly-conducted by China Chengtong and the Bureau of Administrative Support of the State Assets Supervision and Administration Commission of the State Council (SASAC) was held in Beijing. Experts on the appraisal panel highly recognised the project outcomes and unanimously approved the project.

The project appraisal meeting was attended by Zhou Yong, deputy leader of the research project group and director of SASAC’s Bureau of Administrative Support; Zhu Yue, deputy leader of the research project group, Vice President of China Chengtong, and China Health and Elderly-Care Group’s Secretary of the CPC Committee and Chairman; experts of the appraisal panel, including Wu Yushao, Professor and Vice President of the Institute of Aging Research at Fudan University and the former Deputy Director of The National Working Commission on Aging, Li Banghua, Deputy Director of the Department of Elderly-Care Services of the Ministry of Civil Affairs, and Wang Shenyuan, former Secretary of the CPC Committee and Director of the China Aging Science Research Center. Government representatives from the National Development and Reform Commission (NDRC) and the National Health Commission (NHC) and relevant personnel from China Railway Construction and SDIC, and local SOEs also attended the meeting. Zhu Yue presided over the meeting.

The Research on Central SOEs’ Development of Elderly-caring Industry Model is a key research project proposed by the SASAC in 2021, and was co-conducted by China Chengtong and the Bureau of Administrative Support of the SASAC. Based on extensive research on current practices and analysis of existing problems, the research group has proposed that central SOEs should be the ‘practitioner’ of national strategy, the ‘explorer’ of business model of elderly-care industry, the ‘leader’ of quality-driven development of elderly-care industry, and the ‘promoter’ of industrial structure reform. The research has also proposed eight business models from the perspective of industrial management, assets operation and capital operation, which has offered a valuable reference for enterprises in elderly-care industry to achieve sustainable development.