Foreign Investors Encouraged to Open Medical Institutions in Shenzhen

Foreign Investors Encouraged to Open Medical Institutions in ShenzhenTo help ease the shortage of medical services in the city, foreign investors are encouraged to establish medical institutions in Shenzhen. according to Shenzhen Economic Special Zone Medical Regulations a set of local rules the first of its kind in China will be released to regulate some of the more urgent matters of the city’s medical services industry including medical liability insurance, medical disputes and allocation of medical resources.

Chinese individuals and other legal entities which include those living in Hong Kong, Taiwan and Macau can now apply to establish medical institutions in the city based on the drafted regulations. Foreign firms are also allowed to run medical institutions in the form of a joint venture or sole ownership once the new regulations are adopted. Medical practitioners holding medical licenses in Hong Kong, Taiwan and Macau or from foreign countries must first register and get a license in Shenzhen before they are allowed to practice medicine.

The fiscal expenditures for public health care is around 6.6 percent of the total in 2012 and is increasing since 2009 , it still remains the lower among the national average. The newly drafted regulations states that the local city and its district governments must allocate 8 percent of their proposed budget to be spent on medical services. To further relieve the shortage of doctors, the city will now allow Shenzhen registered doctors to practice in more than one medical institution in the city.

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