CONNECTING CAPITAL AND CARE: INTERNET FINANCE'S ROLE IN CHINA'S BIG HEALTH REVOLUTION

Abstract

As per capita income rises and health awareness grows, residents in China are increasingly investing in healthcare. The concept of "big health," introduced during the 19th National Congress of the Communist Party of China, has given birth to the visionary "Healthy China Strategy." Subsequently, strategic blueprints like "Healthy China 2030" have been unveiled, with the big health industry poised to play a pivotal role in China's long-term development.

Despite its potential, China's health industry faces challenges in its early stages, including funding limitations, incomplete infrastructure, and a dearth of foundational disciplines like life sciences and medicine. Of particular concern is the funding gap.

The advent of internet finance, leveraging technologies such as the Internet of Things, 5G, big data, cloud computing, and blockchain, has brought profound transformations to traditional finance. It has also opened up diverse investment and financing avenues for players across the big health industry spectrum.

This paper explores the deep integration of the big health industry and internet finance. Through a comprehensive analysis of existing literature, the study aims to propose policy recommendations for the implementation of the "Internet finance + health industry" strategy. The overarching goal is to promote the holistic development of the health industry, rendering it more standardized and sustainable