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Biomedicine: Policy

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Biomedicine: Policy
Learn about China’s biomedical breakthroughs, from cutting-edge pharmaceuticals to life-saving research, driving global health innovation.
last updated:
12 December, 2024
Moderna’s survey results indicate a “growing complacency” even as coronavirus variants continue to evolve. Photo: Shutterstock
Biomedicine: Companies

Hong Kong residents reticent to get latest Covid-19 jab, Moderna survey finds

About 52 per cent of Hong Kong respondents said they were willing to get the updated vaccine, compared with 58 per cent in Singapore.

Biomedicine: Companies

China welcomes new US$1 billion Sanofi project in Beijing

Health & Fitness

China expands health insurance coverage with 91 new drugs, innovative treatments

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Biomedicine: Companies

Chinese biotech firms brace for Trump tariffs, US funding bill

Efforts to expand sales of high-value products in China and non-US markets would cushion the blow, analysts say.

A robotic surgical system is displayed during the 2024 China Medical Equipment Conference in southwest China’s Chongqing Municipality on March 29, 2024. Photo: Xinhua
Shenzhen

Shenzhen’s soaring R&D spending rivals Beijing, dwarfs Hong Kong

The southern city put nearly US$31 billion into R&D last year, driven partly by robust spending from tech giants like Huawei.

Greater Bay Area

Hong Kong health-tech start-ups create digital wearables for seniors

With a regulatory approach that expands the market for such devices to the Greater Bay Area, local companies see opportunity for growth.

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Shanghai

Shanghai to back local biopharma firms’ overseas push, regulatory compliance

The initiative aims to generate about US$7 billion from medical product exports by 2027.

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The latest action plan by Shanghai’s municipal government is expected to help local biopharmaceutical firms go global. Photo: Shutterstock
Health & Fitness

Ultrasound cancer treatment, supported by Li Ka-shing, gains traction in Asia

Focused ultrasound, backed by Li Ka-shing, is emerging as a non-invasive, commercially viable cancer treatment, attracting significant investments.

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US-China relations

Opinion | Is biotech the next battleground in US-China decoupling?

With both countries viewing technological leadership as a zero-sum game, the risk of a fragmented global innovation ecosystem is growing.

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Science

China’s strides in academic research seen to narrow US lead in medical science

Growing momentum in research sets China up as a formidable player in future of global healthcare, according to scientific publishers.

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China’s overall research output is slowly overtaking the United States, especially in the field of medicine, according to academic publishers. Photo: Shutterstock
China technology

China eyes sci-tech venture capital to boost industrial upgrade, economic growth

Premier Li Qiang said on Wednesday the development of venture capital is critical to sci-tech innovation, industrial upgrading and the growth of the economy.

A visitor learns about an inspection drone at an exhibition of the 2024 Low Altitude Economic Development Conference in Wuhu, east China’s Anhui province. Photo: Xinhua
Technology

Hong Kong fund inks deal with biotech start-up as city aims for tech hub status

The Hong Kong Investment Corporation has struck a deal with a biotech firm started by Baidu founder Robin Li Yanhong, the fund’s second public move as the city seeks to boost its tech sector.

Banking & finance

Hong Kong attracts US$832 million in investment from life-science firms

The investments, which will yield 3,200 jobs, come amid government efforts to enhance Hong Kong’s position as an innovation hub in the field.

Banking & finance

Shanghai’s US$13.8 billion fund of funds to boost AI, semiconductor firms

Mainland China’s commercial and financial hub plans to set up a 100 billion yuan (US$13.8 billion) fund of funds focusing on key technology sectors to fire up the local economy.

The city’s accelerated efforts to bolster technological innovation will consolidate its role as an investment magnet, Shanghai’s mayor says. Photo: AP
Shenzhen

Chinese drugs giant, Shenzhen team up to invest in city’s biomedical start-ups

Fosun Pharma will team up with Shenzhen’s government to raise a 5-billion yuan (US$700 million) healthcare fund to invest in start-ups and innovations in cellular biology, genetics and other fields related to biomedicine.

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The fund will invest in start-ups and innovations in cellular biology, genetics and other fields related to biomedicine. Photo: Shutterstock
Science

As China’s economy undergoes ‘structural upgrade’, tech becomes a top priority

That amounts to US$51.5 billion for 2024, with continued expenditure ‘guaranteed’ because of sector’s key role in driving development.

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China economy

Opinion | China tech: Wuxi model shows local governments how to drive growth

Wuxi’s evolution from an industrial hub to an epicentre of technological innovation offers other local governments a prime example of how to employ a unique blend of public and private sector integration to promote regional economic development.

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Millionaires and billionaires

China’s healthcare tycoons lose US$17 billion as crackdown spreads

The combined fortune of the top 15 Chinese healthcare billionaires has fallen 17 per cent to US$84.1 billion amid a sweeping anti-corruption campaign that started about two months ago.

Chinese Premier Li Qiang (centre), also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, inspects Shenzhen Mindray Bio-Medical Electronics in south China’s Guangdong Province, on August 23, 2023. Photo: Xinhua
Medicine

China targets hi-tech drug and medical equipment industries for support

State Council unveils plans to promote development in the areas over the next two years.

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Science

Stem cell study in Nature didn’t have ethical approval, Chinese academy says

Paperwork was falsified during the process of publishing the research, according to head of CAS ethics committee office.

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Semiconductors

Shanghai woos semiconductor and AI projects with generous subsidies

New policy is aimed at enhancing ‘vitality of industrial development’ and improving ‘city’s core competitiveness’.

Shanghai ups support of chips and AI sectors. Photo: Chinatopix via AP
Science

China issues ‘most comprehensive’ bioethics rules since gene-edited baby scandal

Latest rules on life sciences and medical research involving humans expand regulatory scope of 2016 guideline and spell out administrative penalties.

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Latest guideline includes details on informed consent for human-related research and the administrative penalties for violations. Photo: Shutterstock
Shenzhen

Shenzhen’s hi-tech goals for 2025 defy US hostility and slowing growth

China’s southern tech hub of Shenzhen aims for 40 per cent growth over five years, with the goal of becoming an international hub of innovation, despite challenges from the US for local tech giants.

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