At the beginning of the New Year, Hillhouse Law Firm established the "Cosmetics & Medical Device Legal Research Center", which is committed to creating more suitable legal service products for cosmetics and medical device enterprises.

With the improvement of Chinese residents' living standards and the enhancement of medical care awareness, the demand for cosmetics and medical device products continues to grow. According to the data released by the State Statistics Administration, the total retail sales of consumer goods from January to December 2020 were 39 trillion yuan; Among them, the retail sales of cosmetics reached 340 billion yuan, up 9.5% year-on-year. On the one hand, the cosmetics industry and medical device industry is huge, but it has not yet completed the industry concentration, and the competition is fierce; On the other hand, the legal and regulatory system of cosmetics and medical devices industry is complex, the threshold is very high, and the links of product research and development, production, circulation, supervision and other links have great industry particularity, and the business operation is facing great compliance challenges. Cosmetics and medical device legal services that meet the development needs of the industry can not only help enterprises achieve commercial purposes, but also create great value for the development of enterprises.

"Hillhouse Cosmetics & Medical Device Legal Research Center" is led by lawyers Jiao Hanwei, Xiong Qiuna and Ma Jiao, all of whom have both legal and industry backgrounds. On the basis of the previous publication of the book "China Cosmetics Business Legal Guide", "Hillhouse Cosmetics & Medical Device Legal Research Center" will further provide enterprises with legal services such as business compliance, intellectual property rights, equity financing, equity incentives, and capital operation that are more in line with the development needs of the cosmetics and medical device industry.