ab 8 August 2025 Global Research China Healthcare Service Providers APAC Focus: Policy risks overshadowing opportunities in China's private hospital sector H-share listed hospitals are trading at historically low valuations and steep discounts to A-share and listed ASEAN peers, reflecting market concerns over DRG/DIP (diagnosis-related group/diagnosis-intervention packet) policy risk. We think investors may be overlooking opportunities for listed private hospitals to gain volume share from gradual patient s ...