Chinese government is trying to use the Public-Private Partnership (PPP) to help the development of China’s elderly care industry. This article will analyze the characteristics of pension PPP projects, summarize the current status of China’s pension PPP projects and existing problems, and make some suggestions for these problems. Firstly, the article reviews the literature of China’s pension PPP projects, then introduces the common types of pension PPPs, and analyzes 107 pension service projects in the project management library of the Ministry of Finance’s PPP Center. Finally, it proposes the problems of existing PPP projects, and made some suggestions. The results of this study describe the current status of pension PPPs in China and provide useful references for future research.