CITIC Construction Investment: The total premium scale of China's long-term care insurance is expected to reach around 180 billion yuan in 5 years.

The CITIC Securities research report stated that China is vigorously promoting the long-term care insurance system. CITIC Securities Research compared the long-term care insurance policies of some key countries overseas and believes that China's long-term care insurance policy design is relatively scientific. The National Medical Insurance Bureau is vigorously promoting it and will basically achieve national unified coverage by the end of 2028, which is of great significance to disabled individuals and family members. According to estimates by CITIC Securities, China's total long-term care insurance premiums are expected to reach around 180 billion yuan in 5 years, which will drive demand for a trillion-dollar scale of incremental care market in the long term, boost domestic demand in related industries, and favor investment opportunities in some companies related to household appliances, medical devices, and elderly care.