China
China Broadens Opportunities for Wholly Foreign-Owned Hospitals: 9 Cities Ready for Investment
On November 29, 2024, the National Health Commission and three departments outlined plans for wholly foreign-owned hospitals in nine cities, following a September pilot policy. Foreign investors must be experienced entities complying with legal medical service regulations to establish these hospitals.
On November 29, 2024, the National Health Commission (NHC) together with three other government departments announced the detailed work plan for the establishment of wholly foreign-owned hospitals in nine major cities, including Beijing, Tianjin, Shanghai, Nanjing, Suzhou, Fuzhou, Guangzhou, Shenzhen, and the entire island of Hainan.
This is a prompt follow-up of the pilot policy released in September this year, which lifts bans on foreign-invested enterprises (FIEs) engaging in cell and gene therapy (CGT) in selected free trade zones (FTZs) and permits wholly foreign-owned hospitals in selected cities.
In this article, we introduce the eligibility and requirements for wholly foreign-owned hospitals as outlined in the detailed work plan and address frequently asked questions regarding this pilot.
According to the official announcement, foreign investors applying to establish wholly foreign-owned hospitals must be legally responsible entities with experience in directly or indirectly investing in and managing medical services.
They must also meet the following requirements:
According to the official announcement, wholly foreign-owned hospitals must be established and operated in compliance with relevant laws and regulations:
| This article was first published by China Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in China, Hong Kong, Vietnam, Singapore, and India . Readers may write to info@dezshira.com for more support. |
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