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as well as interconnectivity and security in sharing financial institutions should pioneer diversified,
health care data. Regional supervisory authorities stable elderly care financial products with special
should engage in more frequent exchanges to reference to the successful experience of the Cross-
formulate joint oversight regulations, laying the border Wealth Management Connect. The financial
groundwork for sound development of the cross- aspect of cross-border elderly care bears potential
border financial industry. for the expanding cross-border asset allocation
channels, providing a more diversified selection of
5.2. Innovations in integrating resources: wealth management mechanisms for the elderly.
create an integrated cross-border elderly In addition, the GBA must integrate elderly care
care system finance and health care industries, promoting
cooperation amongst the financial institutions,
5.2.1. Establishing elderly care facilities and health care and rehabilitation organizations in
service platforms order to develop an integrated service product,
covering the needs for health care, rehabilitation
The governments should promote for the and elderly care.
construction of a variety of elderly care facilities
within the GBA. In encouraging the different social 5.3. The empowerment of technology
stakeholders to participate in the construction and and legal protection: create a smart
operation of elderly care facilities, the governments elderly care ecology
could provide financial subsidies and tax relief to
incentivize enterprises and social organizations in 5.3.1. Interconnectivity between smart elderly
making investments for cross-border elderly care care and data
facilities. At the same time, the scale of investment
in cross-border elderly care and health care facilities New technologies enabling smart elderly care
can be augmented, especially with provisions for and remote health care must be made widely
specialized projects, thereby zooming in on the available for practical application with smart
establishment of the necessary health care, well- features. For instance, smart health monitor
being and rehabilitative facilities. To address the devices can report the health conditions of
significant differences in the elderly care systems the elderly in real time. Remote health care
and demand amongst Guangdong, Hong Kong and technologies make it convenient for the elderly
Macau, regional elderly care services platforms can to receive diagnoses and treatment plans by
be established, integrating geographical features, professional doctors. A uniform data standard will
environmental advantages, and differences in facilitate the mutual recognition of data. These
health care provisions. In this way, the relative measures are the very manifestation of cross-
strengths of Guangdong, Hong Kong and Macau border health care data flow and sharing, the
will be fully utilized and aligned to yield mutual direct consequences of which is the availability of
benefits, resulting in the provision of outstanding smart diagnoses and services. The most critical
elderly care services. aspect of this process is the laws and regulations
that govern data security, and it requires close
5.2.2. The provision of diversified and partnerships and diligent coordination. As a
individualized services comprehensive cross-border data compliance
system comes into place, cross-border data flows
As the Silver Economy develops, a major will be adequately protected.
developmental trend will emerge. The provision
of elderly care services that cater to the different 5.3.2 Technological innovations lend support
individual circumstances of the elderly will be to elderly care finance
required. To establish an elderly care services
system, organizations and units must provide In terms of elderly care finance, technological
multilevel services according to different elderly innovations are the impetus for the development
needs. Elderly care services of the future must be of elderly care finance. Cutting edge technological
diversified and individualized. In the same vein, advances, such as blockchain and digital currency,

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