Healthcare - 4Q19 Sector Overview

Technology Enabled Healthcare and Elderly Care Services See Increased Focused

In the last quarter of 2019, the Chinese government has continued its focuson increasing the drug supply. In November, State Council released fillingsrequiring local governments to implement the quantity-based drugprocurement program by the year-end of 2019, and is adding more drugs intothe program. Several provinces and cities also are trialing the similar bulk-buying program on medical consumables.

Other developments include the pass of the Basic Healthcare and HealthPromotion Law. This is the first comprehensive law for the healthcare industryin the Mainland, which will take effect from June 1, 2020.

For more information about major Chinese healthcare sector highlights andevents, download our Q4 China Healthcare Sector Overview.

Key Topics Covered:

Local government is continuing to cut down on medicine and medicalconsumable prices.
Both government departments and enterprises are exploring moreapplications of Internet healthcare services.
Foreign pharmaceutical companies are increasing their R&D resources andfund investments in the Chinese market.
Pre-revenue startups in the healthcare sector are seeking financing throughIPOs on the SSE STAR Market and HKEX.

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