Daily News and Transactions across Greater China from Knight Frank
Wenzhou plans to attract private medical investors
Aug 10, 2012
Wenzhou in Zhejiang Province have developed new plans which could establish the city as the private medical capital of China. The plan could call for offering incentive policies on land use, taxation and favourable payback conditions for investors.
The plan's incentives could make hospital investors exempt from property tax and land use fees during the first three-years of operation.
According to officials, the municipal government is proposing that it provide funds of at least RMB20 million annually to support private hospitals and interest-free loans will be offered for larger projects. In addition, for non-profit private hospitals, the government will consider giving dividends to investors.
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