CHENGDU, Feb. 9 (NBD) -- Multiple government departments, including the Ministry of Civil Affairs and National Development and Reform Commission, are calling for the setup of pension investment funds, which should run independently through market-oriented means like equity investment, so as to encourage social capital into senior care infrastructure and service sectors. 

They have issued a circular to promote reforms to delegate power, streamline administration, and optimize government services in the senior care service industry. 

Local governments are urged to entrust businesses or social organizations with operations of government-owned senior care facilities.

Email: lansuying@nbd.com.cn