Concord Medical Announces Industry Update
The "Guidelines" propose relaxation of market access restrictions, the strengthening of planning layouts and land protection, improvements to the tax policy and other measures focused on encouraging the expansion of supply and fueling consumer demand in the healthcare service sector.
Additionally, the "Guidelines" further relax limits and restrictions on the entry of private capital into the healthcare services sector, including the following measures:
- Further "opening up" the healthcare services sector---increase social capital investment in areas in which laws and regulations do not explicitly ban investment;
- Every area open for local capital investment must also be open to non-local capital investment;
- Implement and enforce stricter time limits for the approval of establishing healthcare services institutions by the appropriate regulatory authorities and ensure approval is appropriately delegated to the respective local government agencies;
- Relax the number, size and configuration limits for procurement of large medical equipment at for-profit hospitals.
The new guidelines are the Chinese government's latest effort to consolidate and expand the reach and performance of its medical and healthcare system, plan for stable overall growth of the industry, adjust the industry structure, promote reform, and protect and improve the livelihood of its citizens. The Guidelines are significant measures to satisfy the diverse and multi-level healthcare service needs of the Chinese people, improve the health of the nation's population, enhance service quality, expand the job market, promote economic reform and establish new opportunities for growth.
Dr.
A more detailed translation of the comprehensive guidelines will be available for review on the Company's IR website shortly (ir.cmsholdings.com).
About Concord Medical
For more information, please contact:
Mr.
+86 10 5957 5266
adam.sun@concordmedical.com
Mr. Ting Jia (Chinese and English)
+86 10 5903 6688 (ext. 809)
ting.jia@concordmedical.com
Ms.
+86 10 5903 6688 (ext. 639)
gloria.huang@concordmedical.com
In
Ms.
+86 10 6583 7521
rene.jiang@icrinc.com
In
Mr.
+1 203-682-8233
William.Zima@icrinc.com
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