Curbs eased on foreign investments in hospitals
China will ease curbs on foreign investment in joint-venture hospitals, as it overhauls its healthcare system to cut costs and improve overloaded public services.
The announcement was made in a healthcare reform plan for 2014 published on the website of China’s cabinet, the State Council.
The plan involves overhauling the management of medical joint-ventures with overseas partners, including “reducing restrictions on the percentage of foreign ownership in medical JVs and collaborations,” it said in the statement.
The move would increase the number of cities where investors from Hong Kong, Macao and Taiwan could set up whollyowned medical institutions, and allow overseas investors to set up wholly-owned hospitals in designated areas, such as the Shanghai free trade zone.