The Zhitong Finance App learned that on August 31, in order to further reduce the burden of childbearing and nurturing on families, the State Council issued a notice on raising the special additional deduction standards relating to personal income tax. Among them, it is mentioned that the special additional deduction standard for the care of infants under 3 years old has been raised from 1,000 yuan to 2,000 yuan per month for each infant and child.
According to data from the National Bureau of Statistics, there were 9.56 million births in 2022, and the birth rate of the population was 6.77%. This is the first time since 1950 that the number of births per year has fallen below 10 million. Furthermore, the birth rate of China's population fell below 1% (that is, 10 per 1,000) for three consecutive years. Kang Yi, director of the National Bureau of Statistics, said that China's population declined by 850,000 in 2022, mainly due to the decline in the number of new births, which is related to the decline in the desire to have children, delays in marriage and childbearing time, etc., and also to the decline in the population of women of childbearing age. These factors have led to a decrease in the number of new births.
In response to population trends such as declining fertility rates and aging population in China, the country has optimized and adjusted fertility policies many times. As early as June 2021, the “Decision of the Central Committee and the State Council on Optimizing Fertility Policies to Promote Long-term Balanced Population Development” was issued and decidedImplement a three-child birth policy and supporting measures.
Since then, Guangdong Province, Anhui Province, Hunan Province, and Zhejiang Province have introduced policies to respond.Various regions have also introduced policies one after another to encourage childbearing.In terms of recent developments, on August 29, according to the website of the Chongqing Municipal Medical Security Bureau, the Chongqing Municipal Health Insurance Bureau said that from September 1, insured persons applying for benefits related to maternity insurance will no longer be charged maternity service certificates, reproduction service certificates, or marriage licenses. On August 17, the Kunming Housing Provident Fund Management Center issued a new policy to increase the maximum housing provident fund loan amount for families with two and three children by 1.04 million yuan. On August 11, the Development and Reform Bureau of Shengsi County, Zhoushan City, Zhejiang Province recently revealed in response to a proposal from CPPCC members that it plans to pay childcare allowances for unemployed locally registered women aged 0-3 who give birth to children with local domicile registration.
Furthermore, Zhejiang Province's real money encourages childbearing, with a maximum “prize” of 46,000 yuan. Changshan County grants 30,000 yuan to families with successful assisted reproduction and 1,000 yuan for first-time married couples aged 25 and under. If you give birth to three children in Longgang City, Wenzhou, you can receive a total of 46,000 yuan in maternity allowances and parenting allowances.
In addition to local governments,Many companies have also joined the ranks to encourage childbearing. For example, on August 31, “Where to Go” announced that starting September 1, it will establish a maternity allowance benefit “Camel Second Generation Growth Gift” for employees. All regular employees of the company who have reached the age of three years and above, and children born on or after September 1, 2023, can receive a growth bonus of RMB 10,000 for each child on their 1st to 5th birthday.
Earlier, on June 30, Ctrip Group just announced the launch of the “Cheng 2nd Generation Cheng Chang Gift”, a maternity allowance policy for global employees. That is, starting from July 1, 2023, global employees who have been employed for three years, regardless of gender, will receive a cash allowance of 10,000 yuan per year for every new child born, which will end after the child is 5 years old. According to preliminary estimates, Ctrip plans to invest 1 billion yuan in maternity allowances in the future to motivate employees to give birth.
China Aviation Securities believes that favorable policies are frequent in various regions, and the mother and child industry is on the rise. In terms of fertility,As the policy system to support three children continues to improve, future assisted reproduction consumption is expected to be included in medical insurance one after another, and the penetration rate and market size of the assisted reproduction industry are expected to increase at an accelerated pace. Recommended attention: Jinxin Reproduction, a midstream medical service agency that directly benefits from the inclusion of health insurance expectations and increased market demand.
In terms of childcare, along with the full liberalization of the “three children” policy and the continuous improvement of supporting measures in the future, the birth rate of newborns is expected to increase steadily, compounded by the upgrading of the consumption concept of mother and child.Optimistic about the growth potential of the “scientification+refinement” maternal and child industry chain track in the era of parenting. It is recommended to pay attention to the confinement center Aidi Palace.
Related concept stocks:
Beikang Medical (02170): The only company in China that lays out the entire industry chain for assisted reproduction medical devices. In the first half of this year, the company achieved total revenue of 85.546 million yuan, an increase of 24.8% over the previous year; gross profit of 33.564 million yuan, an increase of 11.07% over the previous year.
Aidi Palace (00286): The company provides high-quality confinement services to tens of thousands of families, provides every mother and baby with scientific confinement services such as maternal and child care, physical conditioning, dietary nutrition, early education, enlightenment, and post-natal repair. It has established 9 major professional service systems, including 1,300 refined service standards, which have passed SGS service system certification.
Jinxin Reproduction (01951): Private leader in the assisted reproduction service industry. Starting July 1, 16 therapeutic assisted reproductive technology projects will be included in the scope of basic medical insurance reimbursement in Beijing. Reimbursement items include tests to promote ovulation, preferential treatment of sperm, and recovery of frozen embryos.