From Pharmaceuticals to Medical Devices: What to Watch in China's Healthcare Sector

Goldman Sachs Exchanges

Goldman Sachs

Business

4.4 • 1K Ratings

🗓️ 27 November 2018

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

In our first ever podcast taped in Hong Kong, we're exploring one of the highest growth sectors in China: healthcare. Stephanie Hui, head of Goldman Sachs' Merchant Banking Division in Asia-Pacific, ex-Japan, joins us in the studio to discuss the drivers behind healthcare's explosive growth in China and how investors are viewing the industry's risk and reward. This podcast was recorded on October 22, 2018. This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this podcast does not constitute research or a recommendation from any Goldman Sachs entity to the listener. The views and opinions expressed herein should not be construed as an offer to buy or sell any securities and such views/opinions may differ from those of Goldman Sachs Global Investment Research or other departments or divisions of Goldman Sachs and its affiliates. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefor (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. The views expressed in this podcast are not necessarily those of Goldman Sachs, and Goldman Sachs is not providing any financial, economic, legal, accounting or tax advice or recommendations in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of investment advice by Goldman Sachs to that listener, nor to constitute such person a client of any Goldman Sachs entity. Copyright 2018 Goldman Sachs & Co. LLC. All rights reserved.

Transcript

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0:00.0	This is the exchanges of Goldman Sachs where we discuss developments currently shaping markets, industries
0:13.8	in the global economy.
0:15.2	I'm Jake Seaward, global head of corporate communications here at the firm.
0:18.6	Today we're coming to you from Hong Kong for our first ever podcast taped in the region and we have an opportunity to explore
0:24.8	one of the highest growth areas in China, the health care sector.
0:28.2	Joining me today is Stephanie Hoy, head of Merchant Banking Division in Asia Pacific X Japan.
0:33.6	Welcome to the program, Stephanie.
0:34.8	Thank you.
0:35.8	I'm excited.
0:36.8	Let's start with a big, big picture.
0:37.8	What are the main things on your minds and on your client's minds
0:41.2	with respect to investing in China health care landscape today.
0:45.0	Scale is definitely on everybody's mind for health care in China.
0:48.0	Let's just have some numbers here.
0:50.0	There is a total spending of 1 trillion expected for the health care sector by 2020.
0:56.0	That's a triple relative to a decade ago.
0:59.0	People are expecting that number to go to 2.3 trillion by 2030.
1:03.5	And what's driving the growth?
1:05.0	The growth is the huge population.
1:07.0	1.4 billion people.
1:09.2	The scale of all that is tremendous.
1:11.4	There's not even health care insurance at this moment which is of size because
	...

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