China to Permit Fully Foreign-Owned Hospitals in Designated Regions
According to an official document released on Sunday, China intends to permit the creation of wholly foreign-owned hospitals in select cities and regions throughout the country.
TroibNews 
China is set to allow the establishment of wholly foreign-owned hospitals in specific cities and regions across the country, as outlined in an official document released on Sunday.
The approved locations for these hospitals include Beijing, Tianjin, Shanghai, Nanjing, Suzhou, Fuzhou, Guangzhou, Shenzhen, and the island of Hainan. This information was presented in a circular issued jointly by the Ministry of Commerce, the National Health Commission, and the National Medical Products Administration, which focuses on further expanding pilot programs within the medical sector.
The circular indicated that detailed conditions, requirements, and procedures for setting up these hospitals would be clarified at a later stage.
Additionally, foreign-invested enterprises will be permitted to develop and apply technologies related to human stem cells and gene diagnosis and treatment within the pilot free-trade zones in Beijing, Shanghai, and Guangdong Province, as well as in the Hainan Free Trade Port. This encompasses the registration, launch, and production of relevant products.
The document emphasized that these enterprises must adhere to China's laws and regulations, particularly those concerning human genetic resource management, drug clinical trials, drug registration and production, and ethical review. They are also expected to comply with pertinent management procedures.
Moreover, the circular instructed local authorities to engage more effectively with interested foreign enterprises, improve communication between different agencies, and strengthen the oversight and management of pilot enterprises to promptly identify and mitigate relevant risks.
"China will further promote the opening up of the service industry and increase the openness and innovation efforts in emerging fields such as telecom value-added services, healthcare, digital economy, culture and tourism, transportation, commercial aerospace, and fashion consumption," stated Meng Huating, deputy head of the foreign investment department at the MOC. "China will also ensure that foreign-invested enterprises receive national treatment in terms of access to key factors, qualification licensing, standard setting and government procurement."
James del Carmen contributed to this report for TROIB News
The approved locations for these hospitals include Beijing, Tianjin, Shanghai, Nanjing, Suzhou, Fuzhou, Guangzhou, Shenzhen, and the island of Hainan. This information was presented in a circular issued jointly by the Ministry of Commerce, the National Health Commission, and the National Medical Products Administration, which focuses on further expanding pilot programs within the medical sector.
The circular indicated that detailed conditions, requirements, and procedures for setting up these hospitals would be clarified at a later stage.
Additionally, foreign-invested enterprises will be permitted to develop and apply technologies related to human stem cells and gene diagnosis and treatment within the pilot free-trade zones in Beijing, Shanghai, and Guangdong Province, as well as in the Hainan Free Trade Port. This encompasses the registration, launch, and production of relevant products.
The document emphasized that these enterprises must adhere to China's laws and regulations, particularly those concerning human genetic resource management, drug clinical trials, drug registration and production, and ethical review. They are also expected to comply with pertinent management procedures.
Moreover, the circular instructed local authorities to engage more effectively with interested foreign enterprises, improve communication between different agencies, and strengthen the oversight and management of pilot enterprises to promptly identify and mitigate relevant risks.
"China will further promote the opening up of the service industry and increase the openness and innovation efforts in emerging fields such as telecom value-added services, healthcare, digital economy, culture and tourism, transportation, commercial aerospace, and fashion consumption," stated Meng Huating, deputy head of the foreign investment department at the MOC. "China will also ensure that foreign-invested enterprises receive national treatment in terms of access to key factors, qualification licensing, standard setting and government procurement."
James del Carmen contributed to this report for TROIB News
