GLOBAL RESEARCH ARCHIVE
Spotlight: China CXOs From cost savers to full-service global partners
603259.SS coverage2268.HK coverage2269.HK coverage300759.SZ coverageHSBC Global Investment Research research
Research evidence excerpt
Equity Research Report
China Health Care
By: Linda Shu (S1700522120001)
August 2025
SPOTLIGHT
China CXOs
From cost savers to full-service
global partners
China’s CXO ecosystem is evolving from
low-cost execution to full-service global
partnerships in innovation
Catalysts: domestic drugs in global
trials and multi-year mandates from
multinationals for blockbuster products
The sector trades at a valuation
discount, yet the earnings visibility of
high-quality players remains intact
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