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Foreign investors will be able to build hospitals with 100-percent foreign capital in China
Foreign investors were able to create hospitals in China, using 100-percent foreign capital. The permit is not valid throughout China, but only in the cities of Beijing, Tianjin and Shanghai and in the provinces of Jiangsu, Fujian, Guangdong and Hainan. At the same time, investors have the right to create hospitals by opening new, as well as mergers and acquisitions of already existing medical institutions, writes the Xinhua News Agency.
According to a document published jointly by the Ministry of Commerce of China and the State Committee on Health and Planned Childbirth of China, 25 of August, foreign investors who intend to establish hospitals in China must be legal entities that are able to assume civil liability, have direct or indirect investment or management experience in the fields of medicine and health.
The hospital management must comply with the advanced international level, the work must apply advanced management and service methods, the latest international medical technology and equipment. A new medical facility must be distinguished by the quality of services, medical technology and equipment from other local hospitals, thereby increasing the level of medical care in a particular area.
As noted in the document, foreign investors, with the exception of entrepreneurs from Hong Kong, Macao and Taiwan, are still prohibited from establishing hospitals in these Chinese cities and provinces with a specialization in Chinese traditional medicine.