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[Brokerage Focus] CITIC SEC: Hohhot releases details on childbirth subsidies, expected nationwide childbirth subsidy policies may be implemented.
Jinwu Financial News | CITIC SEC stated that on March 13, the Health and Family Planning Commission of Hohhot City released local fertility subsidy details, with the highest single-child subsidy reaching 0.1 million yuan. Compared to the current pilot programs, Hohhot City's annual average subsidy amount for fertility has been increased, and the subsidy period is relatively long. If the Hohhot subsidy standards are extrapolated nationwide, it is estimated that by 2030, the fiscal expenditure scale for fertility subsidies will reach 287 billion yuan, accounting for only 0.2% of GDP. From international experience, developed countries such as Germany, France, Japan, South Korea, and Singapore have all implemented fertility support policies after entering a low fertility rate society. Meanwhile,
[Brokerage Focus] CITIC SEC: Childcare subsidies are expected to be implemented, actively paying attention to benefiting Industries.
Jinwu Finance News | CITIC SEC stated that according to the remarks of the Director of the National Health Commission at a meeting, parenting subsidies will be issued in 2025, and relevant operational plans are being drafted in conjunction with relevant departments. According to data released by the National Bureau of Statistics, China's birth population is expected to rebound to 9.54 million in 2024, a year-on-year increase of about 6%. The bank analyzes that this is related to the gradual introduction and implementation of fertility support policies in various regions and the influence of the Year of the Dragon zodiac factor. However, pressure on population structure still exists, making it necessary to strengthen fertility support policies. The bank believes that the high cost of raising children is one of the core reasons for the decline in birth rates, and parenting subsidies can help reduce the costs of childbirth and child-rearing. The bank expects,
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