Hong Kong companies are optimistic about the mainland Chinese medicine market

The 8th "International Exhibition on Modern Chinese Medicine and Health Products," co-organized by the Hong Kong Trade Development Council and the Modern Chinese Medicine International Association, recently took place in Hong Kong. Over 100 companies from eight countries and regions—including Japan, South Korea, Singapore, and Canada—showcased a wide range of traditional and modern Chinese medicines, health supplements, and wellness treatments at the event.

In addition to the exhibition, several professional conferences were held to support Hong Kong's pharmaceutical industry in expanding into both mainland China and international markets. Topics included how to obtain global certifications for high-value medicinal products like Cordyceps sinensis and ginseng, as well as strategies to emphasize quality control, product safety, and scientific research to attract consumers from across the globe.

The mainland Chinese medicine market is seen as highly promising, drawing increasing interest from Hong Kong-based companies specializing in traditional or modern Chinese medicine and health products. Huang Bowei, president of the Modernization of Chinese Medicine International Association, highlighted that the Chinese herbal medicine market on the mainland holds significant growth potential. He estimated that the Chinese medicine industry could reach a business volume of 400 billion yuan within the next decade. If Hong Kong successfully taps into this market, the sector could become another key pillar of the city’s economy, contributing significantly to its long-term development and diversification.

With growing demand for natural and holistic healthcare solutions, especially in urban areas, the integration of traditional Chinese medicine with modern science is becoming more appealing to both local and international consumers. As Hong Kong continues to strengthen its position as a bridge between China and the world, its companies are well-placed to lead the charge in this booming industry.