23 January 2026 | 2:20PM CST Equity Research China Healthcare Services: Drug Chains: Policy supportive, fundamentals bottoming out in 4Q25; Reiterate Buy on 3 pharmacies Made public on Jan 22, nine departments including the Ministry of Commerce of China issued the Opinions on Promoting the High-Quality Development of the Pharmaceutical Retail Industry. Article 13 stated that it will support the consolidation and restructuring of retail pharmacies, and encourage pharmaceutical retail companies to conduct hor ...