The main theme of China's pharmaceutical industry now is deepening the reform，integration and promotion，and innovation and development.This report analyzed the status quo of the development of China's pharmaceutical industry，and pointed out the industry's inadequacy in concentration，innovation ability，and the level of internationalization.It interpreted the development trend of the pharmaceutical reform under the guidance of various medical and health care reform policies.Meanwhile，it introduced measures and achievements of Shanghai Pharmaceuticals Holding Co.Ltd.in accelerating reform and innovation and cultivating and developing agency under new situations.