Medical Marijuana - USA
Zhang Saijian: We begin now, good afternoon, I call Zhang Saijian, be Chinese larch capital, originally I prepare to do an a lengthy speech or article, I think what do a very simple frame sex here to state, healthy to Chinese medical health industry invests a trend, do a cast a brick to attract jade-offer a few commonplace remarks by way of introduction so that others may come up with valuable opinions, the honored guest that asks us next does to discuss to the stage.
The industry that Chinese whole medical health consumes, have a very high increase rate, so what below from this increase rate a few annual meeting behave is very apparent, invest from this there is what opportunity for angle, a few pictures come to our meeting have the aid of the industrial catenary that studies China, what result is the industrial catenary of industry of Chinese medical health follows catenary of industry of American medical health to be compared relatively? These things that whole United States has appeared on the market divide Chengshangzhong downstream, upper reaches is biology technology, it is content shedding follows channel among, the summary that the medical health that all appearing on the market serves is below. When can see from here, the industry of the biggest market prise returns United States of the first that is to say is industry of chemical medical complex, next medical health equipment also is the 2nd big industry relatively, so from will look downstream, medical health service also is very big. Where is catenary in the value industry of industry of Chinese health care, we view these data carefully, a few having is more apparent, the medical of doctor of traditional Chinese medical of the first tradition held quite large proportion, this is in the United States is done not have, the 2nd can see apparently, the 2nd and even the 4th ability is industry of medical health equipment, I can ask our honored guest a question, why the industry of medical health equipment of our China will tell, relatively other industry will tell, had not appeared on the market the occurrence of company group, also the effect of neither one dimensions. We are seeing downstream medical health service, be in China also is more special industry, because Chinese majority is state-owned hospital,will earn very big gain. So the cent of the inter is sold and retail link, chinese Cai Yougang is firm now arisen a few companies appear on the market, resemble Neptune morning, will always tell, I think this can say to have diversiform factor, the first that is to say the growing opportunity henceforth, the first whole dish can grow further, these the 2nd scale, weaker link indicated very much henceforth investment opportunity.
In the past China of period of time begins to also have a few case that a lot of near futures appear on the market, here the only simple data that introduces 6 years 7 years, we can see medical name Kang De, investor is in after appearing on the market, also have quite tremendous get one‘s own back. We are inchoate also see company of a few civilian battalion, their a few asset also began to betray, sold Germany to do obeisance to ear e.g. 3 brands that Dong Shengke ability spent its banner to fall with 1.1 billion RMB forehead October last year, chinese enterprise through appearing on the market financing also goes to abroad buying, one sells luck to go to the United States buying namely, I also made 6 years in medical health industry before, I think to sell luck bought end actually, more important is for it channel follows a brand. A few data of 7 years just were collected here.
Fund of our Chinese larch also made investment in cardiovascular respect, we think of Chinese larch may be the investment of a few new and high technologies at ordinary times, but really our Chinese larch is in so old in the past also joined more project in medical respect, also succeed quite comparatively.
I miss organic meeting today, actually I do not want to spend too much time, we have a very good opportunity, the hope is shared with everybody, from commercial pattern, growing sex, trade barrier this kind above, how do they think, invite discussion honored guest to come up to the stage now.
We still make a self introduction, everybody introduces simply.
Xiong Weiming: Everybody is good, I am the Xiong Weiming of the classics in the United States, we did not see medical temporarily inside medical health now, the company that we like is medical health equipment more, we hope their bicipital force, one resembles selling luck to be able to go outside so, additionally very strong cent sells channel, no matter you are,go toward home from abroad, or domestic abroad goes, want to have persistent strategy. Another, we are very interested in service of medical apparatus and instruments. We just join a company recently, a bit resemble selling luck. This is the investment direction that we feel more interesting, thank!
Li Zhongjiang: Everybody is good, I come from with De Fengjie fund, our investment scope is potential 500 thousand arrive between 5 million U.S. dollor, healthy to medical health industry we special have fun at, our group pharmacy cannot be done, other we special have fun at, at present we are in what respect of healthy medical health has cast to have 3.
Thank scene of towering like a mountain peak: Everybody is good, I am the scene thanking towering like a mountain peak of Hua Xing capital, we hold water 3 years, the investment project of 1 billion dollar is completed for the enterprise in Chinese altogether, in TMT, and territory of service of educational medical health has research.
Introduced from the northern and western nationalities or from abroad Xu Bo: Everybody is good, I am to open bright achieve the introduced from the northern and western nationalities or from abroad Xu Bo that cast, inside our investment field, our medical health can serve as, the money that we can have 35 ％ is cast in medical health domain. Tell medical health domain, at present till we had been cast have 7 companies almost, be in next open bright interior, we are whole now the group has 3 people make medical health investment.
Zhang Saijian: Industry of medical apparatus and instruments was done not have for years so in the past so fast like other industry growth, had not formed a world‘s banner a group army, start from this dot, what do you consider as the reason? Myself learns biology medical project.
Xiong Weiming: What the government thought China 1978 is private what make the hospital impossibly is so good, but China is inside very long in the past time, neither one is perfect, or from planned economy to the middle of market economy transition, you do not have the United States this insurance date, you can make this diagnostic assurance directly, be in China without this system, its original intention is equivalent to all hospitals of governmental function branch outspread, so he is purchasing equipment, he does not have enthusiasm. Why do we have this opportunity now, all the time since undertake anti-corruption initiate cheap, especially the operation that medical health turns demesne likely since March this year, mean a lot of medium or small hospitals to buy foreign equipment impossibly, he must search can match, this market can appear slowly, this is why we are opposite medical apparatus and instruments so zestful so a reason.
Introduced from the northern and western nationalities or from abroad Xu Bo: Macroscopical on look, in light of the industry, foreground is very beautiful and beautiful, microcosmic in light of, a lot of companies still are not actually very make money. Xiong Zong is indistinct also a moment ago be told. The industry of core of medical health industry should follow hospital contact with inside catenary, the hospital is special core, but in at present of the hospital commercialize insufficient still, and still a paragraph of very long way wants, it is so above this problem, medical industry foreground is very good still, because the challenge is much, so good luck it may not be a bad idea, but how to grasp this opportunity, inside this no matter you are from it may not be a bad idea of medical apparatus and instruments, meet next having start the company of hospital management, actually everybody pays close attention to medical industry very much but can accomplish dimensions truly, those who achieve a success is little still. Crucial I feel cure changes inside this.
Li Zhongjiang: This hospital does not have this motivation at all.
Zhang Saijian: This is PE casts a hospital very the thing that have a headache, so from equipment of medical health instrument this angle is told, the United States has a lot of very big big cards, from us PE invests angle to tell, the angle that our medical apparatus and instruments invests is very OK wide, OK and special exit, of OK also and special sale in domestic market, perhaps be aimed at an individual, small perhaps, for example portable, these things that perhaps use in the home, the angle that never uses together will tell, have analgesia, have pacemaker, you saw so much, do you think what place is worth to look?
Thank scene of towering like a mountain peak: Actually medical apparatus and instruments is to start the fastest, because Chinese exit is oriented cost is very low, when ourselves will look, we like to see the first like to convey the market, the 2nd is to have successful experience, the 3rd intellectual property that still should have oneself is inside. To such company pretty likes us, other a few spheres, what we involve is not particularly much, the likelihood is told very hard also a lot of.
Li Zhongjiang: We observe PE is mixed a few VC, they like China to make medical health equipment, some are the sea return, law case is not particularly much, sell luck to had been walked out of now. I also follow foreign difference to be over there in the enterprise of medical apparatus and instruments that takes a fancy to a country, business market of China is very split, resemble abroad the network that they are the whole world, a lot of kinds of product line, and every line has very good product, this grips high-end market, chinese or is a single brand, what make in certain domain is OK still, but product line is not much, so for the large company that now is pair of abroad, he can be mixed to China those PE and VC are same, can regard an object that buys as it, be opposite additionally for these PE, there had been a better sale group in China, this also is an aspect that draws PE. The last in technical respect, enterprise of Chinese medical apparatus and instruments still has a lot of roads to want to be caught up with really.
Zhang Saijian: China should do pacemaker to want to very long way wants really, this is confirm is opened bright tell. I want to ask the 3rd question further, besides the person, general we should notice a group, the market, you still can notice what thing, e.g. patent ah, be run in-housely, what view do you have to you can be shared together with us?
Introduced from the northern and western nationalities or from abroad Xu Bo: I want to be carried only a bit, we are to participate in, industry of healthy medical health is particularly big, have a few opportunities possibly among them, reflect e.g. the advantage of Chinese cost in CRO, reflect in medical apparatus and instruments, if he has good base. Followed this to be concerned next, reform of medical apparatus and instruments, the hospital has this motivation to must want to compare its efficiency, how to go raising his level, basically can join the government of a few hospitals to this moment, perhaps serve, it is a doctor even the thing of this respect, higher level will come may be to follow the financial service related medical, this is the thing of special high end, we also begin to looking, but be being returned possibly now is not good participate in.
Zhang Saijian: Medical health respect is sued each other in the United States is rife, especially some of thing follows very easily come out.
Xiong Weiming: We invest a company, he is the stable hospital service that is Beijing, inside the hospital be in hospital 9 months, the doctor said to be able to come home, but actually he did not recover completely, they do this to dog namely service. How is the commercial contract that this hospital signs carried out, e.g. receivable how settle accounts, so this a lot of things, because this also is a place that VC pays close attention to, to the provider of industry of this kind of medical health, because of him the biggest client is BTC, this core is so bit more crucial, he offers this service to want what this cut will undertake to pass a hospital.
Zhang Saijian: A moment ago spoke of the reform of medical health system, I hear you have a few research to the company of Taiwan, will tell from your feeling, of Taiwan hospital where to run the distinction that follows China to be in? Was our China made what insufficient place is there?
Qian Xuejie: Do not talk to go up research, it is a Chinese, he the satisfaction of patient of efficiency of level of service of this medical health is spent, he actually my individual feels, be close friends than the United States, he does not need to queue up, he basically is begged for be more than, the doctor also basically is income very tall, that difference is there, not be the problem that says a technology, it is good that very much like him equipment also does not compare here certainly, I think even if system of a medical health is reformed, he is a buyer has power particularly, come down 10 years, this business basically becomes almost perfect, my individual will tell, if our state system has a change, to our VC, this opportunity is inconceivable. To can waiting only for us, but this day likelihood won‘t too far.
Xiong Weiming: If be the hospital that thinks Taiwan,manage mode to reach the hospital of Chinese Shanghai in other words, that is a very big impact to hospital system of China, before I know ten years, they talk with Shanghai all the time, but did not conclude up to now.
Introduced from the northern and western nationalities or from abroad Xu Bo: They there to what degree, the doctor has been finished is to commercialize, you do an operation to give you how many money, do not have base salary.
Zhang Saijian: Have a lot of opportunities really, I think excuse me in chain hospital, in the dispensary of chain, you saw so much, it is better that what opportunity you see? Have what special trade pattern, profit pattern?
Thank scene of towering like a mountain peak: We also serve this one in exploration medical health, what we strive for now is the medical establishment that a few have a specialized subject, still a few compare a foundation, a few complement make full medical establishment, the 3rd we are to see orgnaization of a few chain, it is the platform that can rise conformity of a few resource, in Hangzhou we make community medical health interlink an orgnaization, he is very simple, come 3 doctors, basically be before the mode of barefoot doctor, we make this issue actually, everybody is to try to do, we feel such thing also is pretty is interesting, can be in China medical health of the basiccest community here make a bit issue. Next respect of specialized subject medical health we are to have look, but cast can have a few difficulty, especially specialized subject doctor is fiercer, we also learn how to follow better doctor one case contract. In resource this one we invested a country health, he is to help the client of a few high end provide integrated sex service. We also hope to pass resource conformity can slowly the medical health system that affects China, real service can be reflected come out.
Zhang Saijian: You see the company of this kind of check-up, what thing do you pay close attention to most?
Thank scene of towering like a mountain peak: Because of Aikangbi we are big, we compare respect, I state above all a bit, country health this at the same time check-up business is very small, what we offer now is the high-end client of the bank, be present to also have a lot of is VIP client, to these high-end clients, they still have pretty much demand, country health provide different healthy service to them, the 2nd we are united in wedlock together with insurance service, the client that helps us provides the healthy service of appreciation, the 2nd we also can make service of monitoring of insurance of a few medical health with insurance company slowly, because be in China,danger of very much medical health sustains losses in business, the rate of commercial insurance development of this one China is very rapid, we also believe future is a very big market this one, our country Kang Yezheng does this business in the attempt, not only be check-up.
Xiong Weiming: Cast love health is 5 years, it is very fictitious healthy service at that time, because he is the student of major of haing Buddha college of medical, how be together medical health service and modern technology union, the earliest client also is, just begin large-scale promotion 3 years, so at that time, a lot of clients are the VIP of the bank, help these. Have the service that resembled private doctor, make when the business later big later, had recieved 1 million patient one year make an appointment registration when, if I have my clinic,he is thinking, I am OK this profit, they have 1 million patient only among them is very serious partly rarely, it is OK to should give diagnostic level only for the most part among them, because itself sells that product one year to want 1800 money, so they or hope get these users serve high gradely, want how to stay these clients in his brain, came up against state guest namely later. Such word, from long-term the data source that a patient can have made insurance product in the healthy case of illness of state guest, actually they have a lot of private hospitals and the cooperative product of insurance company, include community hospital to also extend below governmental superintendency a few license plate, they also can enter the chief source of this social security.
Zhang Saijian: The content that actually we can talk about is very much still, next we take time audience, who to have?
Quiz: I ask Hu Zong, you join the company of a few medical apparatus and instruments, that medical apparatus and instruments still has certain cycle, the 2nd pace comes down to want to pass the inspection of bureau of Chinese medical inspect commonly, so the company that you join commonly has how long, from go in to be retreated.
Introduced from the northern and western nationalities or from abroad Xu Bo: If you want to join a few companies that compare high end, than us the imagination wants inside this a lot of more complex, we cast Chengdu that, we feel whole to there are a lot of problems to need to solve in process of research and development, we are cast is cast 6 years, what cast at that time is a group, from the point of this project, we also are not very anxious should exit immediately, because to medical apparatus and instruments he has a lifecycle, will tell us commonly is to hope 5 years or so to be able to see better redound anticipates, if you hope he appears on the market, also need the time that has 3 years or so.
Quiz: Allow me to say a conte please, this locality goes before two my chapel the friend that a hospital sees a Singapore record, when I visited him that day, have 20 come year old girl, it is a doctor allegedly, she says to there is a chemist‘s shop below our hospital, do not belong to our hospital, this medical is 200 money, I can leave 7 days to you. The litigant risk of error of Chinese medical health is so fierce without abroad now, this plants my problem that is to say the risk of error of alleged medical health, many take seriously, or how look upon?
Xiong Weiming: Your friend if if hands or feet is not active, that uses what drug about the same. Had turned round to tell, I feel China invests angle to tell, what have perspective very much is a hospital, I very value the company that becomes hospital administration, but do hospital management to must invest, because the hospital is rare be short of model resource, I feel the hospital is just like is a TV station, before is state-owned, but if have eye, go to ground of horse race circle taking this resource come down, form certain dimensions to undertake capital engraft, this dispute often has perspective.
Quiz: A moment ago talked about equipment of a lot of medical health, still have medical problem, I want to ask a medical the question of current respect, the comparison that domestic medical makes inside current system now is big, be aimed at a hospital, still have make allocate and transfer, a poetic name of China is connected recently grow very fast, he basically does what approve quickly, in medical health current inside, what kind of trade pattern do you value? Is the medical health with what kind of future current can the industry survive in China?
Xiong Weiming: We had seen medical health current, it is Ministry of Public Health sends him the pattern with current medical health even, but we looked for a few VC to understand, with the most advanced current fashion, your wool interest rate still is on the low side, its amount is very large, growing sex is very good, but the company that a VC does not invest, not be bad company certainly.
Li Zhongjiang: Neptune celestial bodies is China makes the biggest medical health current business, I feel to tell such company like a poetic name of China, they should have made the service that prop up at the back, resemble Neptune day next such chain company can outspread, modern information investment is very big.
Zhang Saijian: I express deep acknowledgment to our honored guest on behalf of all audience now, thank!
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