Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
News for Outlets

​Hainan free trade port eyes foreign capital to boost medical dev.

May 17, 2021


Abstract : The Hainan Boao Lecheng International Medical Tourism Pilot Zone Administration on May 14 signed a contract with Global Magellan Investments Ltd. to jointly establish an equity investment fund to attract foreign capital in the medical and health sector of the Hainan free trade port.

139878309_16183226148291n.jpg

Aerial photo taken on Dec. 8, 2020 shows a cruise ship at a port in Sanya, south China's Hainan Province. (Xinhua/Guo Cheng)

BEIJING, May 17 (Xinhua) -- The Hainan Boao Lecheng International Medical Tourism Pilot Zone Administration on May 14 signed a contract with Global Magellan Investments Ltd. to jointly establish an equity investment fund to attract foreign capital in the medical and health sector of the Hainan free trade port, reported Shanghai Securities News Monday quoting Hainan Daily.

According to the contract, the two sides will leverage the Qualified Foreign Limited Partner (QFLP) policy of the Hainan free trade port to conduct investment cooperation in the transformation of international advanced medical technology, drugs and medical devices, medical beauty, commercial insurance, new drug research and development, medical training and other aspects.

The Hainan Free Trade Port Boao Lecheng Global Investment Fund established this time will help Hainan introduce a variety of high-quality overseas financial resources, including institutional funds and portfolio funds, etc., and meanwhile assist investee companies to get listed in China or overseas, said Lin Youxin, chairman with Global Magellan Investments Ltd.

According to Lin, Global Magellan Investments Ltd. expects to strengthen cooperation with the Hainan Boao Lecheng International Medical Tourism Pilot Zone, and provide local medical enterprises with whole industrial chain services such as overseas investment attraction, enterprise investment incubation and domestic and overseas listing.

The cooperation is helpful for Hainan to truly support a number of competitive free trade port enterprises by introducing good capital and implementing favorable policies, and to accelerate the return of overseas medical consumption and promote the domestic circulation by actively promoting the effective connection between international advanced medical resources and domestic health needs, stated an official from the Hainan Boao Lecheng International Medical Tourism Pilot Zone Administration.

(Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)

Scan the QR code and push it to your mobile phone

Keyword: foreign investment ​Hainan free trade port

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial