State-owned Sinopharm promotes TCM mixed ownership reform

He also said that Sinopharm’s TCM mixed ownership reform is productive.

Currently, 90 percent of businesses controlled by China National of Traditional & Herbal Medicine Co, Ltd. are already listed, and in the future, it will absorb more private capital to realize a diversity of equities.

China National of Traditional & Herbal Medicine Co, Ltd. was formerly known as Yingtian Medicine.

As early as 2013, Sinopharm acquired shares of the private company, Yingtian Medicine, to strengthen its TCM market competitiveness and realize all-round development of the TCM industrial chain.

Zhang Yue contributed to this story.