The New Deal of Shanghai Pension Industry: Land Use, Financing and Financial Support.

On May 19, the General Office of the Shanghai Municipal People's Government issued "Several Opinions of the General Office of the Shanghai Municipal People's Government on Promoting the Accelerated Development of the Pension Industry in this Municipality".

According to the real estate new media, the document is mainly divided into four major items and 20 minor items, focusing on key areas and increasing the supply of old-age products and services; Strengthen factor support and accelerate the release of industrial kinetic energy; Enhance the ability to pay and actively cultivate the consumer market; Optimize the institutional environment and lay a solid foundation for industrial development.

The document pointed out that Shanghai will encourage all kinds of social capital to invest in the aged care service industry and set up aged care institutions and rehabilitation nursing institutions for different income groups. Support the development of wholly foreign-owned and Sino-foreign joint venture pension service institutions in Shanghai and actively introduce international advanced service models. Encourage the professional, chain and brand development of the aged care service institutions, and support the brand chain institutions to expand their business in the Yangtze River Delta and the whole country to achieve large-scale development.

Secondly, actively develop livable industries for the elderly. Advocate the concept of lifelong housing, promote the government's affordable housing to be suitable for lifelong living, and support social capital to design and develop more commercial housing products suitable for the elderly. Encourage the construction of comprehensive communities and long-term rental apartments where young people and the elderly live together, and create a vibrant community for the elderly with intergenerational integration. Support market players to use their own land and houses to develop and build community old-age facilities integrating residence, life care and medical care.

Shanghai will vigorously develop the auxiliary appliance industry. Actively develop the industries of clothing, life care products, rehabilitation training, health promotion AIDS and other elderly products, support enterprises to increase R&D, design and intelligent manufacturing, and cultivate a number of "specialized and innovative" little giant enterprises and single champion enterprises in manufacturing. Relying on Qingpu Xihongqiao Rehabilitation Aids Industrial Park and Minhang Nanbinjiang Industrial Park, we will strengthen innovation incubation and industrial agglomeration to attract domestic and foreign high-quality AIDS enterprises to settle down. Encourage Zhangjiang High-tech Park, caohejing New Technology Development Zone and other science and technology parks to lay out and develop intelligent assistive devices industry.

It is worth noting that Shanghai will expand the land use space. Ensure the demand for land for new old-age service facilities, and allocate land for new old-age service facilities projects that meet the Catalogue of Allocated Land; Provide for-profit pension service facilities by means of lease, lease first and then transfer, and encourage priority lease, lease first and then transfer. Reduce the cost of old-age land, formulate a new land price for old-age land that reflects homogeneity, public welfare and sociality, and guide the overall land price level to be equivalent to the benchmark land price of standard factories.

In terms of funds, Shanghai provides financing support and tax support. Commercial banks and policy banks are encouraged to introduce special credit policies for the old-age industry with the help of platforms such as Shanghai Big Data Bank-Tax Interaction and inclusive finance Application, so as to broaden the scope of loan collateral and improve the accuracy and intensity of credit supply for old-age enterprises. Strengthen the support of SME policy financing guarantee fund to the pension industry, and clarify the specific scope of support and operating procedures. Encourage non-bank financial institutions to increase financing support for the pension industry through trust and financial leasing. Support qualified pension enterprises to raise funds through listing, issuing bonds and asset-backed securities. Encourage venture capital, equity investment and other institutions to increase investment in pension enterprises with broad market prospects in the initial stage.

In addition, Shanghai will further implement the relevant preferential tax policies of the state and the city to support small and micro enterprises, and give tax incentives such as value-added tax and income tax to qualified small and meager profit pension service enterprises in accordance with relevant state regulations. Enterprises, institutions and social organizations that rely on fixed facilities in the community to provide old-age services for community residents by means of full-time care, day care and on-site service are exempt from value-added tax on their income from providing old-age services, and when calculating the taxable income of enterprise income tax, they are included in the total income at a reduced rate of 90%. For eligible real estate and land used to provide old-age services, preferential policies such as deed tax, property tax and urban land use tax shall be enjoyed according to regulations.