Hospitals to benefit from Beijing policy change

The China Post news staff

TAIPEI, Taiwan — Taiwanese medical specialists yesterday said that Beijing’s recent announcement on allowing foreign capital involvement in China’s medical institutions sector for the first time will be beneficial to local medical institutions that wish to set up branches on the other side of the Taiwan Strait.

The Chinese State Council forwarded the “Circular on Further Encouraging and Guiding Social Capital to Investing in the Foundation of Medical Organizations” on Nov. 26, which gives permits to foreign enterprises to establish both profitable and non-profit medical institutions in China.

Hong Tzu-ren, general manager of Taiwan’s Shin Kong Health Management Company, yesterday was quoted as saying in a Central News Agency report that such an announcement is expected “to raise the inclination for those Taiwanese medical institutions that wish to open hospitals in China.” The circular also specified that China will offer favorable policies to Hong Kong, Macau and Taiwan investors who are interested in founding medical institutions, Hong noted.