当代经济管理2026，Vol.48Issue(2)：83-88,6.DOI:10.13253/j.cnki.ddjjgl.2026.02.009
养老金融与养老REITs发展:机遇、困境与协同路径
The Development of Elderly Care Finance and Elderly Care REITs:Opportunities,Dilemmas,and Collaborative Paths
摘要
Abstract
As a major institutional innovation in China's financial sector,Publicly Offered Real Estate Investment Trusts(REITs)serve as a crucial bridge connecting the capital market and the elderly care industry.The"asset+service"dual characteristics of the elderly care industry are highly com-patible with the"industry+finance"dual attributes of Publicly Offered REITs,laying a foundation for their coordinated development.Relying solely on market mechanisms for resource allocation can easily lead to insufficient inclusiveness due to the fact that elderly care projects possess both welfare and profit-making nature.By guiding resource factors to flow into elderly care infrastructure through capital market pricing,Publicly Offered REITs can not only meet investors'demand for stable returns but also reduce service costs through large-scale operations.While achieving market-oriented returns,they also take into account social welfare attributes,forming an effective complement to the government's functions of"ensuring basic needs and secu-ring the bottom line".In the future,efforts should be made in three aspects:market cultivation,policy improvement,and government-enterprise col-laboration.Thus,Publicly Offered REITs for elderly care will demonstrate a scale effect and become an important financial force supporting the upgra-ding of the elderly care industry.关键词
公募REITs/养老产业/协同路径/制度创新Key words
Publicly Offered REITs/elderly care industry/collaborative path/institutional innovation分类
管理科学引用本文复制引用
Lu Xiao,Ye Jianping..养老金融与养老REITs发展:机遇、困境与协同路径[J].当代经济管理,2026,48(2):83-88,6.基金项目
中国人民大学"中央高校建设世界一流大学(学科)和特色发展引导专项资金"支持. （学科）
