“Over the past three years in Hengqin, I have seen more young people from Macao come, as the local government has created an environment conducive to innovation and entrepreneurship,” said Huang Yin, a young entrepreneur from Macao, expressing his experience in Hengqin.
A psychology graduate from the University of Macao, Huang chose to devote herself to promoting Traditional Chinese Medicine (TCM) after graduation. Focusing on promoting TCM and medical care on the Internet, Huang established his first company in Macau in 2018 and established a branch in Hengqin the following year, Bay Valley Technology Research (Ltd.).
Last September, China released a general plan for the construction of the Guangdong-Macao Deep Cooperation Zone in Hengqin. He addressed TCM as one of the four main industries the zone would develop. It attracted startups like Huang’s.
Help traditional Chinese medicine go global from Macau
Huang’s company is located in Macau-Hengqin Youth Entrepreneurship Valley (Inno Valley HQ), where many young entrepreneurs like Huang took their first steps in Hengqin. They can benefit from housing subsidies, talent apartments, regular job fairs, etc. All of these have stimulated the development of businesses in the valley.
According to the latest data, Inno Valley headquarters has incubated 775 enterprises (projects), of which 343 are Macao entrepreneurs.
After nearly three years of effort, Huang’s business is now running quite well. One of the main activities of Huang’s company is to bring high quality TCM products from the Chinese mainland to Macau by offering one-stop services covering all relevant procedures. And then, using Macao as a platform, the company will help products and technologies to explore the markets of Portuguese-speaking countries.
Although the pandemic has slowed down the process, Huang still believes that the TCM industry in the Guangdong-Hong Kong-Macao (GBA) Greater Bay Area will go global in the future. “Macao’s advantage lies in the trade links it has established with Portuguese-speaking countries. Years earlier, when our team conducted market research in Portugal and Brazil, we found people who were open-minded about TCM products. »
Last year, Huang and his team successfully introduced Ganoderma Lucidum Spore Oil from Guangzhou Pharmaceutical Holdings Limited (GPHL) in Macao.
Facilitate MTC exchanges between Guangdong and Macau
Huang’s company has also created an online platform for medical appointments. So far, the platform has cooperated with 90 clinics and hospitals in Macao. Although the clinics are all located in Macau, the services are open to all GBA individuals.
Daniel Kuan, the manager of one of the cooperative clinics, said that although he started using the platform less than six months ago, he had seen a noticeable increase in the number of patients. “In addition to local patients, many other cities in the GBA mainland have come to my medical center,” he added.
In recent years, Huang has also worked with the Associação dos Investigadores, Praticantes e Promotores da Medicina Chinesa de Macau (AIPPMCM), the largest TCM professional association in Macau, organizing exchange activities between the association and TCM businesses and schools in mainland cities of the Greater Bay Area. Shi Chongrong, president of AIPPMCM, said such exchange activities could broaden the horizons of association members.
Huang also helped AIPPMCM and Hengqin Branch of Zhuhai People’s Hospital (Hengqin Hospital) to invite Macao TCM doctors to work in Hengqin in its early days. 53 TCM practitioners from Macau practiced at Hengqin Hospital last year.
Asked about her plan, Huang said Hengqin has a bright future ahead of her. She plans to invite more doctors from Macau to Hengqin or other GBA cities to learn more about the development of TCM on the mainland. She added that she wants to work with more TCM companies to explore global markets.