Questions remain over foreign-invested hospitals (Part 2)
December 17, 2013 | BY
clpstaffLast week China Law & Practice considered the policy change over wholly foreign-owned medical institutions in the Free Trade Zone. But how attractive is the move to foreign investors and what do they need to know?
The Shanghai Municipality released the Tentative Measures for the Administration of Wholly Foreign-owned Medical Institutions in the China (Shanghai) Pilot Free Trade Zone (上海市中国(上海)自由贸易试验区外商独资医疗机构管理暂行办法) on November 13.
“In terms of application methods, previously they had to be submitted separately to the Ministry of Health, MOFCOM and the local Administration for Industry and Commerce. Now the method provided as one application offers a more efficient way,” said David Dai of MWE China Law Offices in Shanghai.
“According to the Tentative Measures, the approval procedure in the FTZ is dramatically simplified to a one-stop application and after submitting all of the required application documents, it will take 40 working days to get an approval,” said Huang Sheng of Jun He in Beijing. .
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