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The inaugural Australia China Health Summit was held at the Park Hyatt Hotel in Melbourne on 11 August as a partnership initiative of the Australia China Business Council Victoria and AusBiotech, with the support of Major Partner the Burnet Institute, State Partner the Victorian Government Department of Health and Human Services as well as Session Sponsors King & Wood Mallesons and Canaccord Genuity Wealth Management.
ACBC Victoria has been delighted to establish close ties with our Premium Sponsors from the Fu Wah Group and particularly thank Mr Chiu Yung, who travelled from Beijing expressly for the event. His generous support enabled us to hold the summit in grand style at the Park Hyatt. 170 guests attended and participated in a packed program with 24 outstanding speakers covering a wide range of topics in the China/Australia Health sector.
The Chair of AusBiotech, Ms Julie Phillips and President of ACBC Victoria, Mr Jason Chang, welcomed guests. The Hon Frank McGuire, Parliamentary Secretary for Medical Research was a keynote speaker and highlighted the goals of the Government of Victoria. His introductory remarks and enthusiasm in building strong government support for the health industry’s increasing trade with and in China set the tone for the day. We also acknowledge and thank the Consul-General of the People’s Republic of China, Mr Song Yumin for his contribution to the summit.
The sessions commenced with a macroeconomic overview of China’s health sector presented by Cassandra Winzenried, Senior Economist, Export Finance and Insurance Corporation (EFIC). As the day progressed, attendees learned about China’s health industry from Dr Daniel Chen, Senior Adviser, World Health Organisation and the Victorian Government’s plans surrounding growing engagement with China from Jon Evans, Director, Innovation Hub & Health System Improvement, Office of Health, Innovation & Reform, Department of Health and Human Services.
Dene Yeaman, Director North Asia Investment and Services Branch of the FTA Division, DFAT emphasised the importance of partnerships in the health sector as Australian businesses expand into China on the back of the ChAFTA and to look for inbound investment opportunities for Victoria.
The case study by Professor Aibing Yu, Vice-Chancellor’s Professorial Fellow, Pro Vice Chancellor and President (Suzhou), Monash University, outlined practical information for doing business in China. The importance of leveraging and protecting your intellectual property was also highlighted by Kim O’Connell, Partner, King & Wood Mallesons.
The National President of the Australia China Business Council, The Hon John Brumby addressed the guests during the luncheon.
The practical sessions additionally assisted in informing delegates on developing networks, methods to identify business partners and the most appropriate business structures in China (Tracy Colgan, Board AustCham); coping with cultural differences (Dr Carl Hinze, Partner, Holding Redlich); and a briefing on commercialisation in the health sector from the China perspective from Karen Surmon, Trade Commissioner, Austrade Shanghai who joined us via video link. Finally, the afternoon parallel streams provided information on Health Services and workforce development; Medical research, commercialisation and investment with speakers Dr George Liyu, Mr Chris Straw, Professor James Angus AO, FAA, Dr Ruchong Ou, Zhining Yang, Barry Palte, Rob Scott, Associate Professor David Anderson and Irene Tkalcevic. A huge thank you to all our speakers.
The day concluded with a business networking drinks function and feedback indicates the event was well targeted, well executed and our speakers of highest calibre. We thank our members and friends who came from China, interstate and Melbourne to attend.