Healthcare Services No Longer "Restricted" in China's Foreign Investment Catalogue
On
The notable changes in the Revised Catalogue include: first, expanding the sectors that are opened to foreign investment and relaxed restrictions; secondly, encouraging foreign investment in service sectors, high-end manufacturing sectors, and high tech enterprises.
The Revised Catalogue expanded the "encouraged" categories and reduced "restricted" and "prohibited" categories. Foreign-invested healthcare service is removed from the "restricted" categories. The change means that there would be no more restrictions on shareholding percentage by foreign investors in these sectors. All regulatory approval processes for foreign investment still apply.
"We are very pleased to see the investment environment becoming more friendly and conducive to companies such as Concord Medical," Dr.
Initially promulgated by the NDRC and the
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This news release may contain "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should," and "will" and similar expressions. These forward looking statements are based upon management's current views and expectations with respect to future events and are not a guarantee of future performance. Furthermore, these statements are, by their nature, subject to a number of risks and uncertainties that could cause actual performance and results to differ materially from those discussed in the forward-looking statements as a result of a number of factors. Such factors include the number of new radiotherapy and diagnostic imaging centers opened; the increase in the number of patients in existing centers; the establishment of specialty cancer hospitals; changes in the healthcare industry in
For more information, please contact: |
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Concord Medical Services |
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Mr. Tony Tian (Chinese and English) |
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+86 10 5957 5287 |
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Christensen |
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Ms. Teal Willingham (English and Chinese) |
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+86 131 2179 3446 |
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Ms. Kimberly Minarovich (English) |
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+1 212 618 1978 |
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