Pension Finance | Helping technology unlock the “new momentum” of elderly care, Bank of Shanghai Finance protects “Sunset Red”
Currently, our country is implementing a national strategy to actively respond to population aging, and it has become an unshirkable social responsibility of financial institutions to promote the high-quality development of the elderly care industry. The Bank of Shanghai bravely fulfills its mission, based on the resource endowment of more than 20 years of deep cultivation of pension finance, focusing on new formats and new needs of the pension industry, continuously improving the level of pension financial services, stimulating new momentum and new advantages in the pension industry, and assisting the high-quality development of the pension industry.
“Long-term win-win”
Unlocking the “new momentum” of technology-based elderly care
When the elderly live alone, smart devices that can record healthy life in real time become a must-have at home; when the elderly accidentally fall, smart cameras that can detect abnormalities and notify the guardian immediately come in handy; when the elderly with dementia go out, Smart anti-lost devices have become a must-have “artifact”… Under the general trend of population aging, more and more high technologies are applied to the field of elderly care, and the elderly care industry has become full of “technical sense”.
BJ Company located in Qingpu is such a high-tech company. The chips developed by this company have leading advantages such as small size, low power consumption, and low cost. They can be widely used in smart elderly care handheld devices, wearable devices, etc., to meet the needs of elderly users. The demand for smart technology products has also made technological elderly care more accessible.
Such a company that promotes the development and industrialization of high-precision chips uses high technology to give the elderly care industry more room for imagination. However, due to light assets, little collateral, and a profit model that has not yet been fully established, it is difficult for companies to obtain loans from financial institutions. And companies need a steady stream of funds to support research and development to maintain market leadership.
In order to overcome these problems, the Bank of Shanghai has cooperated with Qingpu District to explore and use the “forward win-win” model to solve funding problems for enterprises. Under this model, the Bank of Shanghai comprehensively evaluates the company’s growth prospects and supports corporate financing in the form of “forward win-win interest”. It gives the company special treatment of downward interest rates in the early stages of development, and then collects interest after the company reaches its expected income. This creates a “win-win” situation in which enterprises grow and banks benefit. This model not only solves the capital needs of enterprises, but also reduces financing costs for enterprises, and is highly recognized by enterprises.
Financial vitality
Moisten the “fertile soil” for the elderly care industry
In recent years, Bank of Shanghai has actively responded to the national senior care industry policy and supported the full life cycle development of the senior care industry through the creation of “white lists”, “green channels” and “exclusive products”, and has continuously consolidated the foundation for the development of the senior care industry.
In the current elderly care landscape in my country, elderly care service institutions are a key link that affects the elderly care experience of the elderly. However, due to the public welfare and inclusive nature of elderly care services, elderly care service institutions often face financial difficulties. Bank of Shanghai has customized exclusive online financing products based on the daily settlement flow of institutional medical insurance, providing elderly care, nursing, medical and other institutions with convenient financing services of online application and on-the-go borrowing and repayment.
The Bank of Shanghai has included the elderly care service industry and the elderly care industry as credit support customers, and established a credit whitelist for enterprises in the fields of elderly care services, smart health care, and elderly product manufacturing. Provide priority credit, preferential interest rates, and open a green approval channel for inclusive elderly care institutions.
For the different development stages of the elderly care industry, Bank of Shanghai continues to provide “accompanying” comprehensive services throughout the life cycle. For start-up companies, we provide M&A loans, fixed asset loans and other services to help them take root; for growth-stage companies, we provide revolving loans, R&D loans and other services to help them grow steadily; for mature companies, we provide supply chain financing, Intellectual property loans, etc., support the healthy development of enterprises with a comprehensive package of financial services, and nourish the “fertile soil” of elderly care with financial vitality.
As the aging of my country’s population accelerates, the elderly care industry is becoming a new fulcrum to improve people’s livelihood and well-being and promote high-quality economic development. As a municipal financial state-owned enterprise, the Bank of Shanghai will deeply practice the political and people-oriented nature of finance, continue to increase investment in financial resources, actively respond to the people’s urgent needs, enrich the supply of financial products and service innovation, and provide convenient and convenient services for the elderly care industry. Efficient and safe financial services support the high-quality development of the silver economy.
