Strong signals investment in healthcare opening-up

July 27, 2012 | BY

clpstaff &clp articles

The opening of the first wholly Taiwan-funded hospital in Shanghai last month is a strong signal that the healthcare sector is opening-up to foreign investment, but local policies need to catch-up with national level legislation

MWE China Law offices' Shanghai-based partner David Dai said: “It's a good signal that this sector has really opened up, despite the technical hurdles of national and lower-level liberalisation.”

Shanghai Landseed International became the first wholly Taiwan-funded hospital to open its doors on the mainland when it opened in Shanghai on June 26.

The company intends to cater more for local Chinese mainland residents, and its founder and president Victor Chang was quoted in the China Daily saying: “We have sensed that residents on the mainland, especially those in first-tier cities such as Shanghai, Guangzhou and Beijing, now have a big demand for high-end medical services.”

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