Following the announcement of the three-child policy on May 31,...

Following the announcement of the three-child policy on May 31, which effectively abolished the birth control, followed up measures to increase the effectiveness of the new policy.

The 'decision' document released by the Chinese authorities is a measure to overturn the three-child policy, and various institutional improvements aimed at promoting growth (childbirth and nurturing) as well as education, maternity leave, tax benefits, and housing system improvement are all-round growth promotion policies. It is interesting in that sense.

Xinhua News Agency reported on the 21st that the Communist Party of China and the State Council issued the 'Decision (Decision) to Promote Population Growth to Improve the Growing Environment' on the 20th. It was reported that they decided to actively encourage growth, such as abolition of

'Decision' focuses on improving the social environment, which is the cause of childbirth avoidance, and lowering the economic burden. In particular, strict enforcement of the maternity leave system is stipulated, and changes are expected to follow in the company's personnel and labor environment in the future.

First, by 2025, the policy system to encourage childbirth and childrearing will be overhauled and expenses related to childbirth, childrearing, and education will be drastically reduced. By 2035, it is planned that the long-term balanced population development policy will be effective, resulting in improvement of the childbirth and nurturing situation and demographic structure.

In particular, the decision was made to abolish all disadvantages imposed on families with excessive childbirth in the past, such as housing registration (resident registration), admission to various schools, and unit (workplace) employment during the birth control period.

In addition, the decision has been made to ensure that all measures are taken to ensure health for pregnant women and fetuses. It said that it would strengthen national social relief efforts and medical support for pregnant women and newborns. The decision to standardize reasonable human assisted reproductive technology services and standardize infertility treatment services was also included in the decision.

China has decided to invest a government budget to expand and establish low-cost, high-quality childcare institutions, and to actively support qualified workplace organizations to provide childcare services to employees. We also decided to strongly encourage the operation of home daycare centers.

'Decision' is a pilot implementation of the parental leave system at the corporate and institutional level, while at the same time allowing the kindergarten enrollment age to be extended to 2 or 3 years old.

In addition, with regard to housing policy, when implementing the rental housing system of the local government, it was designed to give the most consideration to households with multiple children, such as giving preferential treatment options according to the number of underage children.

It was decided to strengthen supervision and management to improve the parental leave system for parents and strictly enforce the maternity leave and maternity leave systems.

At the same time, it was decided to thoroughly guarantee women's legal employment rights, and to thoroughly monitor whether women are discriminated against in hiring and personnel matters at institutions and companies. The decision said, in particular, to conduct regular on-site inspections of compliance with the guarantee of fertility and fertility for female workers.

The decision stipulates that personal income tax will be deducted for expenses incurred in caring for infants under the age of three through amendments to the Personal Income Tax Act in terms of taxation.

At the same time, the decision is also seeking ways to realize fairness in education and curb house prices by implementing a lottery system for a system in which admission to elementary school, which is the entrance to prestigious middle and high schools, is determined by address.

Minsaeng Securities predicted in the report that the fertility rate would rise markedly as practical measures to address the low birth rate were prepared following the announcement of the three-child policy. According to the report, China's newborn population will increase by about 1 million in 2022, and after that, the effect of the new policy will increase by an average of 800,000 annually.

Junghang Securities analyzed that the number of newborn babies will increase due to the implementation of the three-child policy and measures to promote childbirth, and that fields such as milk powder processing, children's clothing, childcare services, and medical insurance will be in the spotlight from investors as beneficiaries.

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This is all about increasing lower, middle and upper class babies, don't you think so.?