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Biotech & Biopharma

生物技术与生物医药

China's biotech sector has exploded, with hundreds of innovative biotech companies developing novel drugs, cell therapies, and gene editing technologies. Biotech parks in Suzhou, Shanghai, and Beijing rival Boston and San Francisco.

Hubs

5

cities with this sector

Total Output

¥333B

combined industry output

Companies

2,200

across all hubs

Employment

358K

workers in sector

Key Statistics

Biotech companies

6,000+

2024

IND applications (global)

#2 worldwide

2024

Biopharma market size

¥520B

2023

Global Context

Chinese biotechs filed the second-most global IND applications in 2024. The sector faces scrutiny from the US BIOSECURE Act.

Policy Drivers

  • 14th Five-Year Bioeconomy Plan
  • MAH (Marketing Authorization Holder) reform
  • Biotech park incentives

Key Companies

WuXi AppTec

药明康德

2359.HK

World's leading pharmaceutical and biotech R&D outsourcing platform, providing end-to-end drug discovery and development services.

Shanghai, Shanghai

Innovent Biologics

信达生物

1801.HK

Leading innovative biopharmaceutical company, known for PD-1 antibody and partnership with Eli Lilly.

Suzhou, Jiangsu

BaseCare Medical

贝康医疗

2170.HK

Pioneer in reproductive genetics and molecular diagnostics, offering next-generation sequencing-based preimplantation genetic testing.

Suzhou, Jiangsu

GenScript ProBio (Suzhou)

金斯瑞蓬勃(苏州)

1548.HK

Global CDMO for cell and gene therapy, with major production and development facilities in BioBay.

Suzhou, Jiangsu

BGI Genomics (South China)

BGI华大基因(华南)

300676.SZ

Branch of the world's largest genomics organization, operating sequencing platforms and clinical testing services in the Greater Bay Area.

Guangzhou, Guangdong