On the occasion of the “2019 Traditional Medicine International Cooperation Forum (Macao, China)” held on 25 September at The Venetian Macao, the session of “Investment and Financing Forum” took place on 26 September. Participants engaged in discussions and exchanges on new opportunities and challenges facing the development of the TCM industry, having also provided a platform tackle the issue of alignment of good quality TCM projects with capital.
At the session, the Advisor to the Office of the Secretary for Economy and Finance of the MSAR Government, President and CEO of the Guangdong-Macao Traditional Chinese Medicine Technology Industrial Park Development Co., Ltd., Ms. Lu Hong, noted that the launch of the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area has brought an historic opportunity for development of the pharmaceutical industry in Hengqin, particularly the TCM industry. Ms. Lu emphasised the role of GMTCM Park as an important carrier for the development of the TCM industry in Macao and a favourable platform for the integrated development of Guangdong and Macao in the TCM industry, adding that GMTCM Park has been working to improve companies’ access to funds, attained achievements in promoting the rapid development of companies with capital support. She expected that this Forum would help national and foreign pharmaceutical enterprises, investment institutions and high-end professionals better understand traditional Chinese medicine, pay more attention to the development of the TCM industry, and seize opportunities for investment in the TCM industry, thereby creating a new chapter for TCM development.
Opportunities for the Development of TCM Industry Discussed
At the keynote speech segment of Forum, guests from Hong Kong Stock Exchange (HKEX), China Galaxy International, GTJA Investment Group, PwC, Zhongguancun Private Equity & Venture Capital Association (ZVCA) and Tasly Pharmaceutical Co., Ltd. analysed the status quo and trends of investment and financing for the comprehensive health and biotechnology industries, summarised the experience of financing, mergers and acquisitions, and listings of businesses, and discussed opportunities and challenges facing the global health and biotechnology industries in China, along with financing strategies.
Business representatives found the keynote speeches highly informative. Guests made comparisons of different listing conditions of Mainland China, Hong Kong and NASDAQ and analysed the development trends of innovative drugs in China in an attempt to assist companies in choosing a market suitable for themselves when it comes to public listing. Meanwhile, such speeches enabled them to further understand the investment and financing market in the global health and biotechnology industries in China.
The Road Show of the Investment and Financing Forum involved a total of seven projects related to traditional Chinese medicine, biomedicine, medical apparatus, medical services and health management, selected by GMTCM Park from an array of submissions called for during a two-month period and professionally reviewed by experts. Medical experts and representatives from famous investment and financing organisations attended the activity, and seven experts in the area of investment and financing for medical care and comprehensive health were invited to make on-site reviews and offer professional advice on project development.
Thanks to the explanations of the projects provided by the representatives and the reviews made by the guests, after several rounds of exchanges on the projects between investment and financing organisations, the project holders and the capital holders have come to a deeper mutual understanding, which laid a solid foundation for capital connection with the projects. Meanwhile, the precious advice offered by the reviewers on the strengths and shortcomings of the projects were found useful by participating businesses and guests. The on-site deliveries were performed in an active and professional atmosphere.
The Investment and Financing Forum provided companies with a platform for project demonstration, resource connection and capital cooperation. By bringing together advantageous resources, it played an active role in promoting the development of the TCM industry and the growth of companies engaged in the field of comprehensive health in the Guangdong-Hong Kong-Macao Greater Bay Area. In particular, it provided strong support for TCM companies in Macao in areas such as policy interpretation, market expansion and technical improvement to promote their development.
Looking ahead, GMTCM Park will provide a more diverse array of investment and financing services and integrated industrial and financial services for different enterprises, especially SMEs, to solve their difficulties in financing and cutting of the financing associated costs through financial investment forums and project matching sessions. Hosting such a series of activities is in line with the initial aspiration and mission of GMTCM Park to serve the Macao society, to support its TCM companies in areas such as policy interpretation, market analysis and financial development, and to foster an adequate economic diversification.