Aug, 21, 2017. Incorporating with China Medical Device Association, the “DME2017 Healthcare Investment and Financial Innovation Summit” was hosted by iCCAMT in Shanghai World Expo Exhibition & Convention Center. More than one hundred participants from academia, healthcare, medical technology industry, healthcare investment firms and broker-dealers attended the summit.
Welcome address by Dr. Hui Wu, Founder/CEO of iCCAMT
The first panel is “Promoting Medical Technology Industry Development by Finance and Technology”. Mr. Xingchi Xiong, Senior VP of Zhongwei Fund, and Mr. Yiyang Zhou, Founder & Partner of Keys Fund, shared their experiences in investment in healthcare technologies and services. Mr. Fengdong Liao, Founder & CEO of iMaxhealth, presented their business cases on transferring international medical technologies to China.
Interaction between speakers and audients
Mr. Bo Qin, Executive Director of Investment Banking Division of CICC (China International Capital Co., Ltd), moderated the 2nd discussion panel: “How financial products accelerate healthcare development in China.”
In the 2nd panel, Mr. Jingan Yan, director from Far Eastern International Leasing Group, explained their business model and challenges. Mr. Maoming Yang, director of Structured Finance from Industrial Securities Asset Management Group, provided overview on their current ABS business, and further introduced their future plan and application of ABS in healthcare. Ms. Xin Xiao, Research Director from Heyi Fintech, explained ABS applications across different healthcare business segments, such as pharmaceuticals, medical device, clinical care service, senior care and so on. The last speech, given by Mr. Lei Wang, Marketing Director of Shenghe Commercial Factoring LLC, centered around how factoring services can accelerate the efficiencies of supply chain finance within the healthcare industry. Factoring is a complete financial package that combines working capital financing, credit risk protection, accounts receivable book-keeping and collection services. It is offered under an agreement between the so-called "factor" and a seller.
The closing remark, given by Ms. Jing Yang, the chair of 3D Printing Medical Devices Committee of China Association for Medical Devices Industry, reviewed the applications of 3D printing in the med-tech industry. Ms. Yang foresaw fast growing of 3D printing application in healthcare industry, with support from government and industrial communities.
About Sponsor:
As a healthcare supply chain Fintech startup , Shenghe Commercial Factoring LLC, improves healthcare eco-system’s supply chain financing efficiency by providing rapid, quality factoring services towards clients, such as medical devices distributors. Shenghe was founded by several entrepreneurs, that had previously worked in renowned financial institutions such as, Morgan Stanley, HSBC and KPMG.
