The Chinese government is drafting rules that encourage foreign capital to invest in the nation's healthcare sector, health ministry spokesperson said over the weekend. Private capital is welcome to the establishment of non-profit hospitals, said Deng Haihua, the spokesperson. The rules promulgated in 2000 bar medical institutions wholly owned by foreigners but allows those which have a minimum ¥20 million ($1 = ¥6.8) in registered capital and whose license is valid for no more than 20 years and whose Chinese ownership controls a 30% stake or above. Investors of Taiwan, Hong Kong and Macau are permitted to set up wholly owned hospitals in some coastal cities starting 1 January 2011, added Deng.
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