NEWS
Date of issue:2017/02/23Number of visits:
Executive President Chen Dongsheng: remarkably increase investment in health care sector

February 23 2017, Taikang Community Yue Garden started to open in GuangZhou Luogang. It is an elderly-care community designed for Taikang Life Insurance Co., Ltd, the community combines retirement living and health care facilities with commercial, educational and recreational amenities to create an active environment that encourages an engaged lifestyle of vitality.


Yue Garden as the flagship community in the Pearl River Delta, took an investment of 2 billion yuan with capacity for 1300 households. It’s another large investment in elderly-care community after it launched two in Beijing and Shanghai.

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Figure: Taikang community Yue Garden


Chen Dongsheng, the Executive President of YRIC, Chairman of Taikang Insurance Group, delivered a speech at the opening ceremony of Yue Garden. He said the only thing he want to focus on now is to lead Taikang Insurance Group committed to making private health care a large part of the overall ecosystem in China and combing the virtual insurance products with entity health care business. The government has laid out multiple policy initiatives aiming to unleash a wave of growth in private health care. Our plane is to set up eight elderly-care communities in Beijing, Shanghai, Guangzhou, San-ya, Suzhou, Chengdu, Wuhan and Hangzhou cities.


Since the 2015 Taikang Beijing Yank, 2016 Taikang Shanghai Shen Park, Taikang Nanjing Xianlin Drum Tower Hospital, Taikang Wuhan Tongji Hospital and 2017 Taikang Guangzhou Yue Park have been put into operation, Taikang has invested more than 30 billion yuan in health care sector. Mr. Chen revealed that Taikang plan to invest up to 100 billion yuan in high-end retirement community in the next 5-8 years, and 15 to 20 additional projects will be established by then.

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Figure: Chen Dongsheng, the Executive President of YRIC, Chairman of Taikang Insurance Group


The occupancy rate of three operated Taikang health care communities is quite worth noting. According to the statistics, The occupancy rate of independent living area in Taikang Beijing Yan Yuan is 95% and customer satisfaction reached 90.2% in its one year operation; the number of resident in Shanghai Shen Park has reached 300 in six months after its opening. In addition, customers booking has created an endless stream. Among them, senior intellectuals, corporate executives, party and government cadres, senior professionals accounted for more than four percent.