Chongqing Yuzhong Big Health Industry Development Co., Ltd. Officially Launched to Empower New Business Models and Drive Medical Innovation

On December 29, 2020, Chongqing Yuzhong Big Health Industry Development Co., Ltd. (hereinafter referred to as “the District Big Health Company”) was officially established at Huayi Building in Daping, Yuzhong District. Positioned as the district-wide big health industry development company and a public-welfare enterprise, it is placed under the management of key state-owned enterprises administered by the district government.

The establishment ceremony was presided over by Jiang Fan, Director of the District State-owned Assets Supervision and Administration Commission. Wang Zhihong, Member of the Standing Committee of the District Party Committee and Head of the Organization Department, and Zou Xiaoyu, Deputy District Mayor, attended the event, along with the leadership team of the District Big Health Company.

The establishment of the District Big Health Company aims to implement the strategic deployment of the Municipal Party Committee and Municipal Government to vigorously develop the health and medical industry, conscientiously carry out the work requirements of the District Party Committee and District Government for developing new business formats, and boost the construction and development of Chongqing as a highland for the big health industry. This is the result of the organic integration and development of the health and medical industry, marking a new starting point for the development of the big health industry in Yuzhong District, with milestone significance.

The District Health Industry Company is primarily responsible for fostering the district’s health industry, managing assets, raising funds, developing and operating projects, providing enterprise services, and building an innovation ecosystem around Chongqing Medical University. It deepens comprehensive cooperation with medical institutions such as Chongqing Medical University and its affiliated hospitals, the Army Characteristic Medical Center, and the Municipal Emergency Center. The company is committed to establishing a robust system for translating scientific research achievements into practical applications, attracting investment and talent, and ensuring that essential development resources are effectively integrated into every link of the industrial chain, thereby driving the vigorous growth of the district’s health industry.

At the meeting, Wang Zhihong, Member of the Standing Committee of the District Committee and Head of the Organization Department, and Zou Xiaoyu, Deputy District Mayor, were in attendance. The leadership team of the District Big Health Company delivered statements on the establishment of the company, articulated their expectations for its future development, and made clear arrangements for subsequent personnel deployment.

Inauguration Ceremony of Chongqing Yuzhong Big Health Industry Development Co., Ltd.

The speech highlighted that the establishment of the district-level Greater Health Company was primarily driven by three considerations:

First,Aligning with Industry Development TrendsWith the deepening of reforms in the health and hygiene sector, the national government has formulated the "Healthy China Action (2019–2030)," creating a favorable policy environment for the health industry. The establishment of Yuzhong Big Health Company to promote the development of the big health industry is a pragmatic move that aligns with industrial development trends.

Secondly,# Deeply Explore the Market Potential of the Industry. As China’s population ages at an accelerating pace and living standards continue to rise, people are increasingly looking beyond green health foods, with growing demand for medical tourism, wellness and health preservation, and beauty and skincare services. The outbreak of the COVID-19 pandemic has further heightened public awareness of health management to an unprecedented level, leading to a rapid increase in health-related spending. Consequently, the big health industry boasts immense market potential and promising commercial prospects.

Third,Leverage Yuzhong’s Unique AdvantagesAs the city’s premier hub for medical and health services, Yuzhong District boasts abundant Grade A tertiary hospital resources, a comprehensive network of private healthcare providers, and a well-developed primary care system. The district’s health industry is characterized by rich resources, a diversified landscape, and strong growth potential. Establishing a big health company to participate in market competition as a corporate entity, building compliant platforms for the big health industry, facilitating the commercialization of industrial projects, and cultivating the sector’s influence are essential to truly converting resource advantages into industrial strengths. This will drive the expansion and strengthening of the big health industry, thereby injecting new momentum into regional economic and social development.

Finally, the representative of the District Committee put forward several expectations for the District Health Industry Company after its establishment: First, transform mindsets, strengthen learning, dare to take responsibility, fulfill duties diligently, and strive to promote high-quality development of the company; Second, build a strong leadership team and manage the workforce effectively to significantly enhance cohesion and combat effectiveness; Third, strengthen Party building, adhere to the direction of specialization and marketization, and ensure that the company always develops along the correct path.