As “Healthy China” has become a national strategy, health, a promising industry worth trillions of yuan, has attracted mass industrial capital. Recently Sanpower Group has stepped up its broad health operations by signing a strategic cooperation agreement with China CITIC Bank to set up a broad health global M&A fund of 20 billion yuan.

On January 20, Sun Deshun, President of China CITIC Bank, led Yang Yu, Vice President of China CITIC Bank; Lu Jin’gen, President of China CITIC Bank, Nanjing Branch; Yao Ming, General Manager of the Credit Extension Department, Head Office of China CITIC Bank to Sanpower. Yuan Yafei, Chairman of Sanpower, warmly received the visitors. President Yang Huaizhen, Vice President Ba Jing, Xu Ping and Wang Tongyan were present. The guests visited Sanpower’s corporate culture showroom, Brookstone concept store and Ageing Service Command Centre, learning about the industrial layout of Sanpower’s broad consumption, broad health and broad finance, as well as its logic of industrial transformation in recent years.

Then the visitors held talks with Yuan and other executives of Sanpower. The two sides exchanged views on broad health. Based on the consensus on the prospect of the broad health industry, the two sides entered into a strategic cooperation agreement. Witnessed by leaders of both sides, Lu and Yang signed the agreement on behalf of respective sides. The two sides proposed to set up a broad health global M&A fund of 20 billion yuan in support of Sanpower’s strategic layout in the sectors of the "broad health" industry such as medicine, biotechnology, health and senior care, and the coordinated development of these sectors.

Notably, the strategic cooperation is of great significance to both sides. Unlike the mode of investment-loan linkage taken by other banks, China CITIC Bank created the mode of loan-investment linkage, i.e. seeking investment opportunities from outstanding loaning customers and leading enterprises and providing loans to enterprises in the mode of “debt + equity”. Setting up the broad health global M&A fund with Sanpower is exactly a concrete embodiment of the bank’s mode of “loan-investment” linkage.

Sanpower which has cut a figure in the health field has never slowed down. Forging a strategic partnership with China CITIC Bank to set up a broad health global M&A fund sent a signal that it will step up its global operations. Under the strategic cooperation agreement, the fund of 20 billion yuan will support Sanpower in conducting global operations in the "broad health" field, investing in and acquiring outstanding projects at home and abroad, introducing innovative technologies and advanced management experience, and creating a health industry ecosystem with perfect industry chain and complementary elements. China CITIC Bank will establish a professional service team comprising staff from the head office, branches and sub-branches, to provide integrated financial services to Sanpower and meet its multi-level and diversified financial demands.

“Through three business sectors (biotherapeutics, healthcare and senior care), Sanpower has built a dependable health industry ecosystem.” A source with Sanpower said that Sanpower will continue its operations in healthcare and home care, and set foot in gene detection and precision medicine, so as to build a closed-loop broad health industry platform integrating medical resources with senior care resources.