The National Financial Regulatory Administration’s Shanghai bureau, Shanghai
Municipal Civil Affairs Bureau, PBOC Shanghai Branch and the Office of the
Shanghai Municipal Financial Work Committee issued a notice launching a pilot of
eldercare service trusts in Shanghai. The pilot will leverage trusts’ asset
segregation, flexible planning and long-term management to integrate eldercare
services with financial resources, and link with experimental “intentional
guardianship” practices to develop safe, stable and sustainable comprehensive
eldercare finance solutions for older adults and pre-elderly groups. Authorities
intend the pilot to produce new eldercare trust products, scale high-quality
eldercare service providers, deliver demonstrative cases, establish a Shanghai
eldercare trust brand and form a city-level template for eldercare finance.
