China’s elderly population is growing at a fast speed，and the aging population is developing ahead of urbanization. However，at present，home-based care is still the main way. The existing pension ways are difficult to adapt to social development，and policies and industrial structure are still not sound. Under such a tough background，the relevant government policies continue to favor the pension industry，which is beneficial to the entire pension industry and various pension enterprises. As a popular industry，the Kangyang industry has a huge development space. Not only the Kangyang tourism industry is developing rapidly，but also the cooperation between different industries is closer，so as to realize the diversified and intelligent development of the pension. By analyzing the financial data of listed companies involved in pension industry，and according the case analysis that Yihua Health purchased Cherish-Yearn，Nanjing Xinbei purchased Ankangtong，it can be seen that there are no leading enterprises occupying a higher market share in the whole pension industry，and the whole industry is entering an investment window period. However，as the investment cycle of pension industry is long，and the early returns is low，the future capital intervention should be from the perspective of value investment，and take enterprise types paying less attention to assets and more attention to service.