Legislation roundup: Nursing homes, insurance companies and online group purchases

Foreign investment in nursing homes has been encouraged, the CIRC listed the means for insurance companies to increase capital and the SAIC set rules for group buying websites

2 minute readDecember 05, 2014 at 04:19 AM

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Foreign investment

Ministry of Commerce and Ministry of Civil Affairs, Announcement on Matters Relevant to the Investment in, and Establishment of, For-profit Elderly Nursing Homes by Foreign Investors

商务部、民政部关于外商投资设立营利性养老机构有关事项的公告

Foreign investors are encouraged to establish for-profit elderly nursing homes in China as wholly-owned enterprises or as equity or cooperative joint ventures with Chinese companies, enterprises or other economic organisations.

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