According to Xinhua News Agency, Tianjin (reporters Zhang Jianxin and Bai Jiali), on December 16, Tianjin issued the first wholly foreign-owned tertiary general hospital medical institution practice license, and Perennial General Hospital (Tianjin Perennial Hospital) became the first wholly foreign-owned tertiary general hospital in my country.

At the end of November this year, the National Health Commission, the Ministry of Commerce, the State Administration of Traditional Chinese Medicine, and the National Center for Disease Control and Prevention announced the "Pilot Work Plan for Expanding the Opening of Wholly Foreign-Owned Hospitals". Previously, relevant departments have proposed to allow the establishment of wholly foreign-owned hospitals in Beijing, Tianjin, Shanghai and other places (except for traditional Chinese medicine, excluding mergers and acquisitions of public hospitals).

Tianjin Perennial Hospital was invested and built by Singapore Perennial Group with a total investment of approximately RMB 1 billion and 500 beds. It not only has special departments such as orthopedics, ophthalmology, ENT, nose and throat, but also has an international department. It will take advantage of its location in the Beijing-Tianjin-Hebei region to expand its service scope.

"This is one of our initiatives in response to China's announced opening-up policy for the healthcare sector, which also promotes foreign investment and cooperation between foreign and local companies given China's development prospects," said Pan Xiyuan, executive chairman and CEO of Perennial Group.

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