1. The joint venture or cooperative medical institution must be an independent corporate body.
2. Volume of investment must be 20 million yuan (US$2.4 million) or more.
3. Of the two parties, the Chinese side must hold 30% or more.
4. The period of validity for the joint venture or cooperative must be 20 years or shorter.
5. If state assets make up part of the investment of the Chinese party, the establishment must request government approval and evaluation of the assets.
6. Other terms prescribed by the Shanghai Health Bureau.