Zheng Quan Shi Bao Wang·2025-10-30 00:56Core Viewpoint - The report from CITIC Securities emphasizes the significant implications of the "Suggestions on Formulating the 15th Five-Year Plan for National Economic and Social Development" for the future development of the healthcare industry over the next five years [1] Group 1: Policy Directions - The core policy focuses on implementing a health-first development strategy and establishing a comprehensive health promotion policy system [1] - The establishment of a multi-tiered medical security system is highlighted, promoting the development of commercial health insurance while optimizing drug procurement, medical insurance payment, and the use of surplus funds to enhance the management efficiency of medical insurance funds [1] - The promotion of long-term care insurance is expected to be one of the key development goals for the National Healthcare Security Administration in the next phase [1] Group 2: Support for Innovation - There is a strong emphasis on supporting the development of innovative drugs and medical devices [1] - The continuation and deepening of medical reform are outlined, which includes promoting hierarchical diagnosis and treatment, advancing public hospital reforms oriented towards public welfare, and implementing foundational projects in healthcare [1] - The report also mentions the advancement of digital health initiatives aimed at promoting overall public health [1] Group 3: Investment Opportunities - The healthcare industry is entering a period of intensive policy reform, suggesting that investors should continuously monitor investment opportunities driven by these policy changes [1]