By Joy Lee ,The China Post
TAIPEI, Taiwan — Mainland China officials yesterday announced a new policy lowering the required threshold for Taiwanese business owners to establish individual proprietorship hospitals in China, according to China.org.cn.
The website reported that at a press conference held by the National Health and Planning Commission in State Council Information Office, the new policy was announced as part of a development plan for society to support the medical industry in China.
According to the commission, with the new policy, hospitals funded solely by people from Taiwan, Hong Kong and Macau can be established in provincial cities nationwide.
The commission also said that foreign capital will also be permitted to be invested in founding sole-proprietorship medical organizations in specific areas like the Shanghai Pilot Free Trade Zone.
According to the commission, after Taiwan and mainland China signed the Economic Cooperation Framework Agreement (ECFA) in 2010, Taiwanese service providers could invest in establishing medical organizations, but the locations were limited to Shanghai, Fujian, Jiangsu, Guangdong and Hainan.
The commission originally listed Shanghai, Fujian, Guangdong, Hainan, and Chongqing City for investors from Hong Kong and Macau to establish sole-proprietorship medical organizations.
According to the commission, there are about 286 provincial cities as well as 300 municipalities that Taiwanese capital can invest sole-proprietorship medical organizations in after the new policy is launched.