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"Health China" likely upgraded to national strategy

2015-10-22 10:26

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"Health China" is expected to be included in relevant documents of Chinese authorities, Shanghai Securities News quoted an unnamed authoritative source as saying on Thursday.

Earlier, at the beginning of September, the National Health and Family Planning Commission already initiated the work of compiling a health China construction plan for the period from 2016 to 2020. To upgrade "Health China" to a national strategy is expected to comprehensively promote reform in China's medical-sanitary system. From the perspective of the capital market, in the process of advancing the "Health China" strategic planning, the whole medical treatment and public health industry and the grand health industry will embrace booming development.

In terms of segment fields, listed companies related to medical service, health insurance, pension industry and Internet medical treatment will likely benefit from the strategy firstly, said Shen Shuguang, vice president of the China Association of Social Security. Once the "Health China" was lifted to a national strategy, it will usher in industrial investments amounting to as much as 10 trillion yuan.

Compared to the U.S., Japan and even some developing countries, China's health industry is still at the initial stage. According to statistics, the proportion of healthy industry to GDP in the U.S. exceeds 15 percent, while that in Canada and Japan exceeds more than 10 percent.

However, in China, the proportion is only between 4 percent and 5 percent, showing the great potential. Under the circumstances of the "Internet Plus" this year, the Internet medical industry has entered a period of rapid development. Listed companies such as Searainbow Holding (000503.SZ) and Andon Health Co., Ltd. (002432.SZ) have increased efforts to develop their main business of medical service.

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