Posts in: 一月, 2015

Another Policy Encouraging Foreign Capital to Invest in For-profit Senior Care Institutions

Seldom does an industry draw frequent attention from legislative bodies—the senior care industry is one of the few exceptions. Recently, the Ministry of Commerce (“MOFCOM”) and the Ministry of Civil Affairs (“MCA”) jointly issued a Notice, (2014 No. 81) regulating activities for foreign investment in the senior care sector. It sets forth the procedure for the establishment of for-profit senior care institutions and policies encouraging the engagement in senior care services by foreign investors, among other issues. The Notice marks another big step toward the opening-up and providing a favorable investment environment for foreign investors who are interested in tapping into the senior care industry. Although very few details on “encouraging” policies can be found in the contents of the Notice, the Notice does add clarity to several