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Foreign-owned companies can now direct clinical operations and open 100% foreign-owned hospitals in some Chinese cities. On September 7th, 2024, China’s Ministry of Commerce, National Health Commission, and the National Medical Products Administration announced the opening up of the medical sector and, in particular, medical innovation to international players. As of this date, foreign-owned healthcare companies in China are now allowed to: Direct clinical operation of gene and cell therapies, as well as genetic diagnostics, for regulatory registration purposes ( NMPA ), in the special economic zones of the three major coastal cities (Beijing, Shanghai, Guangzhou) and on the island of Hainan ; The opening of 100% foreign-owned hospitals in China (excluding traditional Chinese medicine and the acquisition of a public hospital) in Beijing, Tianjin, Shanghai, Nanjing, Fuzhou, Suzhou, Guangzhou, Shenzhen, and Hainan Island. What do these policy changes mean for foreign healthcare c
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