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China to Allow Wholly Foreign Ownership of Hospitals

Aug. 27, 2014

On Aug. 27, 2014 China's Ministry of Commerce has announced that the limitation of no more than 70% foreign ownership in Chinese hospitals will be lifted, allowing foreign companies to have 100% ownership.

The new rule will apply initially only on a limited territorial basis in seven provinces, including Beijing, Shanghai, Jiangsu and Guangdong.