Hainan deepens cooperation with Sinopharm in health sector

The Hainan provincial government signed an agreement to deepen strategic cooperation with China National Pharmaceutical Group Corporation (Sinopharm) on March 22, with the goal of boosting the island province's health industry.

Under the agreement, the two sides will improve on the distribution networks for medicine retailing, medical appliances and logistics and furthermore cooperate in the fields of modern Chinese medicine, biological products and pharmaceutical chemistry. Meanwhile, existing partnerships in the fields of smart healthcare, medical financing, pharmaceutical R&D and engineering design, etc. will be deepened.

The largest State-owned pharmaceutical group in the nation will also be assisting with the construction and development of the Boao Lecheng International Medical Tourism Pilot Zone, which was approved by the State Council in 2013.

Shen Xiaoming, governor of Hainan, said during a meeting with Sinopharm Chairman Guo Jianxin prior to the signing that he hopes Sinopharm will develop more health projects in Hainan and attract even more high-quality MICE (meetings, incentives, conferencing and exhibition) events in the future.