Shanghai to Expand Opening-up Medical Technology Sector

On the 13th August 2019, Shanghai Government has announced to further expand opening-up measures (“Measures”) in the service sector especially cooperation in the development and cooperation in the medical technology sector.

Shanghai Government aims to promote the cooperation and development between foreign and Chinese medical technology communication, to improve the practising management of foreign physicians, to simplify the approval procedure and to encourage foreign physician to provide medical services in Shanghai.

According to the Measures, Shanghai Government intends to cancel the restrictions on access of foreign investment and endeavors to approve foreign investment on the development and application of human stem cells and genetic diagnosis and treatment technology, which means there might be less establishment requirements and lower total investment amount for foreign investors.