Core Viewpoint - The China-ASEAN Regional Pharmaceutical Trading (Procurement) Platform has been launched to facilitate cross-border online transactions and settlements for Chinese pharmaceutical companies entering ASEAN and SCO countries, marking a significant step in enhancing the convenience and safety of "going global" for Chinese medicine [1][2]. Group 1: Platform Overview - The platform has quickly gathered a wealth of pharmaceutical enterprises and product resources, currently listing 781 types of drugs and 1,652 categories of medical consumables and equipment, with 114 domestic leading pharmaceutical companies and 10 international buyers registered [2]. - The platform aims to create a comprehensive closed-loop for pharmaceutical transactions, covering the entire process from application registration to procurement declaration, transaction matching, and settlement delivery [2]. Group 2: Transaction Features - The platform provides a streamlined experience for cross-border transactions, offering a model where enterprises can showcase their products and buyers can connect directly, reducing communication costs and market risks [2]. - Multi-currency cross-border payment services and compliance risk control are provided by Lianlian International, enhancing the efficiency and security of cross-border transactions [3]. Group 3: Platform Characteristics - The platform is characterized by its timeliness, authority, innovation, service orientation, and openness, serving as a bridge for Chinese medicine to connect with international standards [4][5]. - It actively supports national diplomatic efforts and deepens cooperation with ASEAN and SCO countries in medical security and pharmaceutical policies [4]. Group 4: Future Challenges and Strategies - Despite initial successes, challenges remain, including standard recognition barriers, information asymmetry, geopolitical issues, and competitive pressures among domestic companies [6]. - The platform aims to improve operational mechanisms, enhance transaction efficiency, promote mutual recognition of pharmaceutical regulations, build a professional terminology database, and implement impactful healthcare projects in ASEAN countries [6][7][8].

近年来，杭州聚焦打造具有全球影响力的创新策源地、科技成果转移转化首选地和新质生产力发展 高地，在健全因地制宜发展新质生产力体制机制上先行探索，走出了一条具有杭州特色的创新驱动发展 之路。中共杭州市委统战部负责人表示，成立中国医药港欧美同学会是更好、更精准服务杭州经济社会 高质量发展的创新之举，希望中国医药港欧美同学会积极弘扬留学报国光荣传统，团结引导广大留学人 员，努力将中国医药港打造成为具有全球竞争力的生物医药创新策源地和产业高地；要凝心聚力、自信 自强，不断激发报国热忱；要勇担责任、岗位建功，不断助力高质量发展；要守正创新、开拓奋进，不 断提升服务能力；让中国医药港欧美同学会真正成为推动科创平台能级提升与特色产业竞争力跃升的重 要力量，在新一轮科技与产业变革中展现留学人员的独特价值。 会议选举产生了中国医药港欧美同学会首届理事会及会长班子，中国科学院院士、中国科学院杭州 医学研究所所长、中国科学院杭州医学研究所附属肿瘤医院（浙江省肿瘤医院）院长谭蔚泓当选为首届 会长。为加快构建开放协同、深度融合的生物医药产业创新生态，现场同步举行了中国医药港欧美同学 会"政产学研医金"联合体成立仪式。 会后还举行了中国医 ...

Core Viewpoint - The Hong Kong stock market is experiencing a strong performance in the innovative drug sector, driven by successful collaborations, positive clinical data, and supportive policies [1] Group 1: Market Performance - The innovative drug sector in Hong Kong saw significant gains, with Rongchang Bio rising over 14%, Junshi Bio and Lepu Biopharma-B increasing over 7%, and Fosun Pharma up over 4% [1] - The Hong Kong Innovative Drug ETF (159567) opened lower but rose by 1.77% during the session [1] Group 2: Sector Drivers - The innovative drug sector's strong performance in the first half of the year is attributed to the successful implementation of BD collaborations, excellent clinical data releases, and supportive government policies [1] - New products are expected to quickly realize commercial value due to the supportive policies for innovative drugs, leading to a rapid increase in the market share of domestic innovative drugs in hospitals [1] Group 3: Industry Outlook - The mid-year performance reports indicate a recovery in earnings for segments such as innovative drugs, CXO, and biopharmaceuticals, showcasing the global competitiveness of China's pharmaceutical industry [1] - The long-term outlook for the pharmaceutical industry is positive, with expectations for the emergence of global large companies [1] Group 4: Investment Opportunities - The Hong Kong Innovative Drug ETF (159567) tracks the Guozheng Hong Kong Stock Connect Innovative Drug Index, reflecting the performance characteristics of listed companies in the innovative drug sector within the Stock Connect framework [1] - Investors can also access the Hong Kong Innovative Drug ETF feeder funds (Class A: 023929; Class C: 023930) for easy exposure to the upward opportunities in the innovative drug sector [1]

Group 1 - The overall revenue of the pharmaceutical industry decreased by 3.06% year-on-year in the first half of the year, with a narrowing decline compared to Q1 [1] - The net profit attributable to the parent company, excluding non-recurring gains and losses, fell by 12.50% year-on-year, with an increased decline [1] - Segments such as innovative drugs, CRO/CMO, upstream biopharmaceuticals, medical services, and home medical devices showed better performance in net profit growth [1] Group 2 - The CRO/CMO, medical services, home medical devices, and high-value consumables sectors experienced both revenue and net profit growth [1] - Traditional Chinese medicine continues to face pressure due to multiple factors, with potential improvements expected after channel clearing [1] - Short-term outlook indicates a gradual easing of domestic medical device procurement policies and steady progress in the innovative drug industry, with a stable quarterly year-on-year growth [1] Group 3 - The innovative drug sector has seen five consecutive quarters of high growth, and 2025 is expected to be a pivotal year for commercial insurance, benefiting innovative drugs and devices [1] - The Chinese pharmaceutical industry is undergoing continuous upgrades, supported by dense policy introductions for innovative drugs and increasing clinical value products [2] - Global pharmaceutical companies are accelerating the purchase of innovative drugs from China, surpassing the pace in the US and other countries, indicating a trend towards globalization of China's innovative drug industry [2]

中新网杭州9月9日电 (钱晨菲)8日，中国医药港欧美同学会(中国医药港留学人员联谊会)在浙江杭州成 立，以海归力量赋能生物医药产业创新。 为加快构建开放协同、深度融合的生物医药产业创新生态，现场同步举行了中国医药港欧美同学会"政 产学研医金"联合体成立仪式。该联合体旨在进一步集聚和打造六链融合，构建起从技术研究到市场应 用全链条的生态系统。 杭州市委常委、统战部部长朱建明表示，希望中国医药港欧美同学会积极弘扬留学报国光荣传统，团结 引导广大留学人员，努力将中国医药港打造成为具有全球竞争力的生物医药创新策源地和产业高地。 (完) 会议选举产生中国医药港欧美同学会首届理事会及会长班子，中国科学院院士、中国科学院杭州医学研 究所所长、中国科学院杭州医学研究所附属肿瘤医院(浙江省肿瘤医院)院长谭蔚泓当选为首届会长。 据悉，中国医药港欧美同学会成立后，将紧紧围绕"创新浙江"建设目标，充分发挥留学报国人才库、建 言献策智囊团、民间外交生力军的重要作用，紧密团结全体会员，依托海归人才的专业优势与创新能 力，积极服务科技创新大局，全力推动杭州生物医药领域科技创新与成果转化实现新突破、迈上新台 阶。 ...

"平台为我们在很大程度上解决了这些难题。"陈波说，平台为意向出海企业提供了更优的展示机会，提 供了便捷的交易全流程服务。这种"企业自主展示、采购方精准对接"的模式，不仅省去了中间沟通成 本、还隔绝了市场风险。同时，平台还提供了便捷的结算渠道，稳定的跨境物流配送，让跨境医药交易 有一种跨境"线上商城"采购的体验。"总的来说，交易平台是国内企业和东盟国家采购方之间的'直通 车'。"他说。 线上结算作为跨境交易的关键环节，也实现了重要突破。连连国际副总裁钟义介绍，作为支付服务支持 方，连连为平台提供了多币种跨境收款、全链路线上化对账及合规风控等系列服务，显著提升了跨境交 易的效率和安全性。"我们依托全球66张支付牌照与资质，以及多年来建立的跨境支付网络能力，为平 台及参与交易的双方企业提供高效、安全、便捷的跨境交易结算服务。"他说。 9月4日，中国—东盟区域医药交易(集采)平台在广西南宁发布企业首单跨境线上交易和结算：杭州中美 华东制药有限公司通过该平台完成了一单与新加坡方的交易，标志着该平台作为服务中国医药 （600056）企业"出海"东盟国家和上合组织国家的便捷、安全通道已基本成熟。 据广西壮族自治区医疗保障局 ...

招商国际发布研报称，受惠于创新药出海交易、国内集采政策优化等积极因素，中国医药行业有望持续 上涨。推荐买入三生制药(01530)、巨子生物(02367)、药明合联(02268)、固生堂(02273)、中国生物制药 (01177)、信达生物(01801)。 该行认为，短期而言，由于市场对于出海交易的频次及交易规模预期较高，创新药的估值持续上升，但 需理性看待股价上升机会。展望未来，该行认为创新药的持续上涨动力将主要来源于海外合作伙伴对于 已授权管线的临床推动。 ...

Core Viewpoint - The Chinese pharmaceutical industry is expected to continue its upward trend due to positive factors such as the overseas expansion of innovative drugs and the optimization of domestic procurement policies [1] Group 1: Industry Outlook - The report from招商国际 indicates that the market has high expectations for the frequency and scale of overseas transactions, leading to a sustained increase in the valuation of innovative drugs [1] - The future growth of innovative drugs is anticipated to be driven primarily by the clinical advancement of authorized pipelines by overseas partners [1] Group 2: Company Recommendations - The report recommends buying shares in the following companies: 三生制药 (01530), 巨子生物 (02367), 药明合联 (02268), 固生堂 (02273), 中国生物制药 (01177), and 信达生物 (01801) [1]

Core Points - The Dhaka-Ashulia Elevated Expressway project is crucial for improving transportation in Bangladesh, particularly for the textile industry, which accounts for 38% of the country's industrial output [1][2] - The project is expected to enhance connectivity for over 40 million people in the Dhaka area and contribute an estimated 0.21% to Bangladesh's GDP growth [1][2] - The expressway will connect the capital's central business district with industrial and trade zones, facilitating trade with neighboring countries and China [2][4] Project Details - The project includes a 24-kilometer four-lane elevated expressway and upgrades to existing roads, with a design speed of 80 km/h [2] - As of September 2025, significant progress has been made, including the completion of over 4,100 pile foundations and 1,100 cap/beam structures [2][4] - The project employs advanced construction techniques from Chinese companies, ensuring efficient progress despite challenging geological conditions [4][5] Workforce and Local Impact - Approximately 4,000 local workers are involved in the project, with efforts to enhance their skills through hands-on training [4][5] - The project aligns with Bangladesh's "Golden Bengal" vision and the Belt and Road Initiative, promoting regional connectivity and development [5]

Group 1 - The forum "Emerging Market Development Forum for China's Pharmaceutical Industry" was successfully held during the 2025 CPHI & PMEC Pharmaceutical Industry Exhibition in Shenzhen, focusing on opportunities and challenges in emerging markets [1] - The Shenzhen Pharmaceutical and Medical Device Industry Outbound Union aims to create a collaborative ecosystem for companies to expand internationally, involving major enterprises and professional service institutions [1] - The forum featured industry leaders discussing the evolution of the global pharmaceutical landscape and innovative practices for internationalization, highlighting the growing interest in emerging markets [1] Group 2 - IQVIA's analysis indicates that the global biopharmaceutical market is undergoing significant restructuring, with China accounting for one-third of global innovation in drug development [2] - The report emphasizes that Chinese pharmaceutical companies are entering a new era of internationalization, with opportunities arising from technological advancements and innovative business models [2] - The "API+ANDA," "NewCo," and "JV" outbound models were discussed, outlining their characteristics and advantages [2] Group 3 - The MENA and South Asia regions are identified as key markets, with a pharmaceutical market size of approximately $35 billion and an annual growth rate of 6.3%, projected to increase by 35% to 55% over the next five years [3] - Kexing Pharmaceutical's localized marketing strategies in Algeria, Egypt, and Saudi Arabia demonstrate the potential for Chinese pharmaceutical companies in the MENA region [3] - In South America, regulatory compliance and local partnerships are crucial for market entry, with Brazil being the largest contributor to growth in the region [3] Group 4 - The roundtable discussion highlighted the role of new productive forces in the pharmaceutical sector, focusing on biotechnological innovation, digital R&D, and intelligent management [4] - Chinese pharmaceutical companies are encouraged to collaborate with trustworthy partners to enhance their international competitiveness through innovation and ecological synergy [4] - The successful forum aims to provide strategic guidance for Chinese pharmaceutical companies looking to enter emerging markets, with Kexing Pharmaceutical committed to building high-level international exchange platforms [4]