There are 1.5 million elderly people over the age of 65 in Hong Kong, accounting for about one fifth of the total population. Sun Yuhan estimates that the number of elderly people will rise to 1.9 million in five years. Therefore, it is very important to establish a sustained and stable mechanism for the elderly, including the provision of residential places and manpower. With the aging of the population, the expenditure on social and public welfare such as CSSA, the long life allowance and the old age allowance commonly known as the "fruit grant" will certainly increase. "We will find ways to meet these expenses financially, but the government has promised to grant them when necessary.". In the future, 5% of the public housing floors will be allocated for social welfare purposes. From 1 September, the ordinary and high "living allowance for the elderly" will be merged. The 50000 elderly people who are now receiving the ordinary allowance will receive an additional $995 a month and get $3915. Roughly speaking, the government will spend an additional $800 million each year. Sun Yuhan believes that "Changsheng Jin" is very helpful to the life of the elderly. With the aging population, even if the elderly are encouraged to live at home, the demand for residential care is still increasing. He said that the government would provide an additional 10000 residential care places, most of which were contract residential care places. Private residential care homes with good performance were welcome to bid for contract residential care places. In the future, 5% of the total floor space of public housing will be used for social welfare purposes, and a considerable part will be used for residential care homes for the elderly. I believe that operators who are able and willing to invest resources will have room to try to build contract residential care homes in addition to setting up private residential care homes in private rented places. Three years ago, the government proposed to allocate $20 billion to purchase 60 private properties for social welfare purposes. In two years, only about $100 million was spent. Sun Yuhan said that the ideas of non-governmental organizations are constantly changing, and a large number of projects need to be coordinated, involving many departments. Ordinary old buildings may not meet the requirements, so he hopes to concentrate on some projects with high feasibility. (news agency)