As people’s living standards improve, consumers’ increasingly diversified needs cannot be fully satisfied. Since 2012, the state has introduced a series of policies encouraging social capital to run hospitals. On 28th September, 2012, the State Council promulgated Several Opinions of the State Council on Promoting the Development of the Health Service Industry, which requires that, as China deepens its medical reform, "A vigorous effort should be made to introduce social capital…to constantly satisfy people’s diverse multi-level demands." To step up the construction of a pluralist medical service system, the state has encouraged private players including enterprises, charities, foundations, commercial insurers, etc. to invest in the medical service sector.
Being optimistic about the prospect and potential of private capital in the health care sector, New Hope Group has taken the initiative to deploy. Since 2013, it has made a series of investments in health care, covering industries such as telemedicine and medical instrument and technologically demanding areas such as the cerebral department, general dentistry, oncology, gastroenterology, orthopedics, cardiology and rehabilitation.
Private capital is an important link in the construction of the health care system as a whole. If regulated well, it can help alleviate the comparative shortage of medical resources, promote the construction of a multi-level medical system, and bring about the prosperity of the Chinese health care industry.