Insider Insights: How Industry Leaders Decode the Hidden Complexities in China's Medical Device Policies

On the afternoon of December 28, the “2017 Selected Medical Device Policy Sharing Session,” co-hosted by Health Intelligence Valley, Beijing Medical Device Chamber of Commerce, and VCBeat, was successfully held at Health Intelligence Valley in Beijing. Attendees included Liu Lu, Deputy General Manager of Health Intelligence Valley; Wei Bin, Secretary-General of the Beijing Medical Device Chamber of Commerce; Wang Dongsheng, Director of the Technical Committee at Huaxia Certification Center; Shi Caiyang, Head of the Russian-speaking Region at Huaxia Certification Center Co., Ltd.; Zhang Chenguang, Vice President of Yihuo Biology Co., Ltd.; and Song Longtao, Managing Director of Healthcare Investments at Fortune Capital. More than 50 small and medium-sized medical device startups registered to participate in the event.

Organizer:Health Intelligence Valley, Beijing Medical Device Chamber of Commerce, VCBeat

Strategic Media Partners:VCBeat

12.28 On-site Sharing Session on Selected Policies for Medical Devices

 Liu Lu, Deputy General Manager of Health Intelligence Valley

Liu Lu, Deputy General Manager of Health Intelligence Valley, introduced the company’s business model, ecosystem, and accolades. Health Intelligence Valley is an innovation cluster in the health industry, centered on health management and precision medicine. Leveraging Meinian Onehealth, China’s largest health-related traffic gateway and big data platform, it provides medical innovation enterprises with support in samples, data, market access, and capital.

Wang Dongsheng, Director of the Technical Committee of Huaxia Certification Center

Wang Dongsheng, Director of the Technical Committee at Huaxia Certification Center, provided a detailed explanation of the pathways and methods for medical device enterprises to reduce costs and improve efficiency, primarily including: Total Quality Management, Lean Management, Cost Management, and On-site Management.

Shi Caiyang, Head of the Russian-speaking Region at Huaxia Certification Center Co., Ltd.

Shi Caiyang, Head of the Russian-speaking Region at Huaxia Certification Center Co., Ltd., primarily addressed issues related to medical device registration in Russian-speaking countries. His presentation covered market information analysis for Russia, an analysis of import and export trade between China and Russia, an introduction to market supervision systems, an overview of market access regulations, the registration process, required documentation for registration, and an analysis of common challenges and complexities.

YiLive organisms haveVice President of Co., Ltd. Zhang Chenguang

Zhang Chenguang, Vice President of Yihuo Bio Co., Ltd., provided an analysis of policies relevant to the healthcare industry and interpreted project application procedures for various government departments. He offered in-depth insights into the policy support directions and application requirements of several ministries and commissions, including the Beijing Municipal Science & Technology Commission’s 2018 High-End Medical Device R&D Program and the Ministry of Science and Technology’s Major National Science and Technology Projects.

Song Longtao, Managing Director of Healthcare Investments at Fortune Capital

Song Longtao, Managing Director of Healthcare Investments at Fortune Capital, shared insights from an investor’s perspective on the interpretation and development trends of the Two-Invoice System for medical devices, and proposed response strategies for medical device companies.

This sharing session provided interpretations of policy regulations, project applications, and quality management. It helped enterprises clarify the significance and development direction of application projects and related policies formulated by government departments for the medical industry. Additionally, experts were invited to explain pathways and methods for cost reduction and efficiency improvement in enterprise quality management, offering guidance to small and medium-sized enterprises (SMEs) in their project applications. Moving forward, VCBeat will collaborate with Health Intelligence Valley to host more thematic salons in related fields. All VCBeat members can attend these events free of charge. Join VCBeat membership to interact and engage with industry leaders!