The recent opening of the first wholly Taiwanese-funded hospital in Shanghai sent a positive signal regarding overseas investment in medical institutions on the Chinese mainland. Shanghai Landseed International Hospital, which is also the first totally Taiwaneseinvested hospital on the mainland, opened on June 26 in Shanghai. It is the first Taiwanese hospital to benefit from the signing of the Economic Cooperation Framework Agreement in 2010, and the first wholly foreign-funded hospital on the mainland. The hospital was built with 150 million yuan ($24 million) from the Taoyuan-based Landseed International Medical Group, which entered a joint-venture to build Shanghai Chenxin Hospital in 2002. It is also worth noting that a similar treatment is available for investors from Hong Kong and Macao r e e d s m i t h . c o m Client Alert 12-188 August 2012 under the Closer Economic Partnership Arrangement to set up wholly owned hospitals in Shanghai, Chongqing, Fujian, Guangdong and Hainan.