On July 22, Artemon Group from Germany, Silver Mountain Capital and Shanghai Waigaoqiao Free Trade Zone 3U-Developoment Co., and hospital signed a framework agreement, which marks the first wholly foreign-owned hospital (excluding hospitals from Hong Kong, Macao and Taiwan) will be established in Shanghai Pilot Free Trade Zone.

"This contract is not just an ordinary investment, but a landmark event in China's opening up, especially the opening up of medical service industry. It is of great significance", said Shu Rongbing, general manager of Shanghai Waigaoqiao Group. 

The article is edited and translated from《首家外商獨資醫院將落戶上海自貿區》, source: People's Daily, author: Sun Xiaojing