Hainan: Foreign capital development encouraged in elder care

According to the elder care service measures approved in south China’s island province of Hainan on May 24, international companies are encouraged to invest in the island’s elder care industry.

The issue of population aging is a growing concern around the world. Hainan welcomes large international high-end nursing home groups to set up regional headquarters and build senior living communities within the province in order to provide international-standard elder care services.

According to the new provisions, investors from other countries involved in the future development of elder services in Hainan will enjoy the same preferential support policies as domestic investors.

These new measures, which will come into effect on July 1, also set out standards for construction of elder service support facilities in urban communities and for the improvement of these services in rural areas.