Rongqiao to invest $1.3b in healthcare initiatives

Rongqiao Group Co Ltd, a Fujian province-based private conglomerate, plans to invest $1.32 billion in the healthcare sector in the mid to long-term, in a bid to offer high-quality services to Chinese patients, company executives said.

The company said its enthusiasm for the sector is being shored up by increasing demand for quality healthcare driven by China's growing middle-income earners, continuing urbanization and healthy economic expansion.

Lin Kaijie, board director of Rongqiao, said in a recent interview that one of the group's next priorities is to introduce advanced medical resources from the United Kingdom, and take the lead in building an international integrated hospital in Fuzhou, Fujian province.