In the New Year Eve of 2018, A-share listed company Yangtze New Materials successfully convened the board meeting of its board of directors and released an announcement that Wang Hui, Chairman of China Minsheng Futurelife Holding Group Co., Ltd., will become its new chairman, marking that CMIG Futurelife is entering and hosting Yangtze New Materials.
With the help of capital, CMIG Futurelife steadily promotes the layout of pension business.
Wang said that the original business of Yangtze New Materials will be further developed while the proposed Suzhou Yangtze New Materials Co., Ltd. will focus on company’s strategic layout in the future to further restructure and optimize the core business structure and expand development space for new profit growth point. Suzhou Yiran Kangyang Co., Ltd., which is set up at the same time of the establishment Suzhou Yangtze New Materials, will be engaged in fields of healthcare and endowment care industries and integrate resources to develop home-based care services to improve its profitability and gradually establish a mutual development pattern of “double main businesses”.
With the scenario of community, CMIG Futurelife improves layout of home-based endowment care service.
Since China has entered the aging society, various pension-related industries are emerging, aiming to create a healthier and happier twilight years for the elders. At present, home-based care is still the mainstream choice for the elders since over 90 percent of elders tend to choose. Since 2016, several central documents have shown that the national policies have allocated more pension resources to home-base care services. In particular, the core expression of “an old-age service system based on individual families, backed by the communities, supplemented by different institutions while combining medical treatment with endowment care” is explicitly defining the development trend of aged industry of China in the future. We can also see the continuous promotion of the systematical construction of home-based endowment care in several regions such as Beijing, Jiangsu and Hebei, showing an increasingly strong inclination of resources in home-based care.
CMIG Futurelife proposed a strategic plan of “one network, one fund and one platform” to deeply explore home-based endowment care scenario through the community.
“One network” refers to a three-kilometer endowment care service network of “stores, stations and centers” with city as the center, including a “endowment care service store in community” (store) that provides inclusive services such as daily care, professional door-to-door service and activity management, a star-class “community care center” (station) which is embedded in a community and provides daily care, professional door-to-door service, and short and long-term nursing services, and a city-level professional endowment care service complex (center) which owns rehabilitation centers that provides professional medical healthcare services and offers long-term self-service or care services.
Through this three-dimensional layout, CMIG Futurelife can meet the general needs of middle and old-aged people in different scenarios while providing targeted services. Xiaodongmen Elderly Home in Huangpu District of Shanghai is a community healthcare center established by Xiaodongmen Street Community of Huangpu District of Shanghai and is operated by CMIG Home-based Aged Care of CMIG Futurelife, which is another demonstration site of CMIG’s pension business.
“One fund” set up by CMIG Futurelife will fully interconnect with governments, corporates and institutions to introduce capital of various fields to cultivate new profit growth of aged industry and boost the development of aged industry.
“One platform” is a SaaS smart pension Cloud platform based on different scenarios and customer needs. Through terminals, the platform can monitor the indexes of the body in real time to realize a high efficient internal management and external display in modular and configurable form and achieve functions such as service quality supervision with the combination of big data analysis.
In recent years, CMIG Futurelife continuously expanded its inter-regional property management area. As of the end of 2017, it has managed and controlled 763-million-square-meter property management area, securing its leading position in China. Through property management, CMIG Futurelife established a good atmosphere of communication with the residents in community. Through flexibly using the advantage of the long-term services provided by property management company to the community, CMIG Futurelife can know the degree of aging of each community to explicitly set up community care homes or nursing homes and provide targeted endowment care services. All of these advantages boost the promotion and application of CMIG’s pension projects by providing foundation and convenience.