中金研究 高附加值制造强国，全球 产业影响 力凸显。 马来西亚是东盟唯一拥有本土内燃机汽车品牌（宝腾和第二国产车）的国家，2024年两大国产品牌占国内整 车市场份额的62%。其电气电子行业以47%的占比主导2024年制造业出口，半导体全球市占率达7%。依托"国家半导体产业战略"（注资250亿马币） 与"2030年新工业大蓝图"，马来西亚半导体产业正加速向价值链上游转移，已吸引英特尔（71亿美元）与英飞凌（54亿美元）等重大投资。据世界银行， 马来西亚的营商便利度全球排名第12位，劳动力受教育程度高（识字率达95%），且劳动生产率保持稳定增长（2015–2024年复合年增长率2.9%）。 服务业为支柱产业，经济增长动力强劲。 2024年服务业占马来西亚GDP比重达59.3%，2015–2024年复合年增长率4.8%。2024年，数字经济GDP占比为 23.4%，持续吸引全球科技巨头注资。医疗旅游呈现复苏态势，受到成本优势及JCI认证医疗机构吸引力的驱动，2024年医疗旅游人次达152万，创收5.95 亿美元。马来西亚医疗旅游理事会提出了到2030年实现120亿马币医疗旅游收入的目标。 出口导向型经济，全球市场准 ...

Core Viewpoint - The overall goal during the "14th Five-Year Plan" period is to accelerate the construction of Qionghai as a central city in eastern Hainan, enhancing its core functions as a free trade port and improving the comprehensive strength and public satisfaction of the local population [1]. Group 1: Development Goals - Qionghai aims to strengthen three high-energy platforms, focus on two major events, and create a first-class business environment [1]. - The three high-energy platforms include the Boao "Convention and Business Center," the LECANG "Medical Tourism Center," and the Tanmen "Leisure Fishery Center" [2]. Group 2: Key Initiatives - The Boao "Convention and Business Center" will leverage the Boao Forum brand, optimize exhibition facilities, and aim to host 600 meetings annually, including at least 50 with over 1,000 participants [1]. - The LECANG "Medical Tourism Center" will attract top global medical resources and aim to receive over 1 million medical tourists this year, generating revenue of 12 billion yuan [1]. - The Tanmen "Leisure Fishery Center" will enhance local fishing culture, upgrade the Tanmen central fishing port, and create a 5A-level tourist attraction while expanding cold chain logistics and e-commerce channels [2].

来中国旅行，过去一年的外网流量密码。 外网的「中国旅游三件套」，甚至经历过两次迭代。 最开始，外网博主们来中国的必打卡项目还是：线上支付、高铁速度、酒店机器人。 这半年，老外的中国旅游新三件套变成了：牙医、眼科、中医理疗。 TikTok的"Medical Tourism（医疗旅游）"的标签下，大批外国人摩拳擦掌准备到中国看病。 而他们的必打卡目的地，也新增了一个三甲医院。 2024年，深圳为境外人士提供诊疗服务77万人次，其中包括港澳人士64万人次，其余的则来自美国、加拿大、日本等国家。 上海13家指定医院接诊外籍患者近27万，同比增长15%。 据国家卫生健康委员会2025年度涉外医疗服务报告显示：国内重点涉外医院全年接诊国际患者达128万人次，较三年前增长73.6%。 来中国边旅游边看病，正在成为一种风靡外网的新潮流。 01 新一批来中国旅游的外国人 涌入三甲医院？ 老外来中国看病的主要原因，是便宜。 TikTok爆火的来华就医分享视频评论区，讨论的核心永远都是： "去中国看病，要花多少钱？" 外网流传的来华就医视频里，中国的医疗费用都被换算成了美元。 这让中外医疗费用的对比，显得格外鲜明。 在中国收75. ...

Core Viewpoint - The influx of foreign patients to China's major cities for medical treatment is increasing, driven by the relaxation of visa policies and the efficiency of the Chinese healthcare system [6][8][32]. Group 1: Medical Tourism Trends - Foreign patients are increasingly visiting China for medical care, with notable cases such as a British patient receiving rapid treatment within four days [4][5]. - The efficiency and affordability of medical services in China are highlighted, with comparisons showing significant cost savings for treatments compared to Western countries [5][30]. - As of December 2025, over 40 million foreign visitors are expected to enter China, marking a 27.2% year-on-year increase [7]. Group 2: Market Dynamics - The demand for medical tourism is shifting from sightseeing to healthcare, creating new business opportunities in the sector [8][9]. - Young entrepreneurs are entering the medical tourism space, providing services such as translation and patient coordination [10][11]. - The market for accompanying foreign patients is competitive, with many individuals vying for limited opportunities [17][18]. Group 3: Business Models and Opportunities - Companies like MedTourChina are emerging to facilitate connections between foreign patients and Chinese healthcare providers, resembling a travel agency model [21][22]. - The Chinese government is actively promoting international medical tourism, with pilot programs in major cities and a growing number of hospitals offering international services [22][23]. - The potential for growth in this sector is recognized, but challenges remain in establishing China as a primary destination for Western patients [28][30]. Group 4: Economic Implications - The Chinese government aims to reduce the travel service trade deficit, which exceeded 1.5 trillion yuan in 2024, by attracting foreign spending through medical tourism [33][35]. - In the first eleven months of 2025, foreign spending in China reached 351.57 billion yuan, a 51.3% increase compared to previous years [36][37]. - The medical tourism sector is seen as a vital component of China's broader strategy to enhance service consumption and economic stability [38].

Core Points - The newly enacted "Hainan Free Trade Port Tourism Regulations" emphasizes the keyword of openness, presenting new opportunities for the tourism industry in Hainan [1][2] - The regulations will take effect on December 1, 2023, and include a dedicated chapter on "Tourism Openness and Internationalization" aimed at building an international tourism consumption center [1][2] Tourism Market Opening - The regulations will gradually relax or eliminate restrictions on foreign investment in the tourism sector, allowing qualified joint venture travel agencies and wholly foreign-owned enterprises to operate outbound tourism services, excluding Taiwan [1][2] - The regulations encourage the establishment of high-end hotel groups and renowned hotel management brands in Hainan, promoting the internationalization and refinement of hotel brands [1][2] Visa and Travel Policies - A broader visa-free entry policy will be implemented, enhancing international tourism services in areas such as online booking, customs clearance, financial payments, and medical assistance [2] - Currently, citizens from 86 countries can enter Hainan visa-free, contributing to the popularity of "Hainan Travel" [2] Duty-Free Shopping and Events - The regulations will implement more convenient duty-free shopping policies for outbound travelers, aiming to create an internationally influential duty-free shopping destination [2] - There is encouragement for international high-level performances and events, as well as for foreign investors to establish performance agencies and venues [2] Medical Tourism - The regulations support the development of the Boao Lecheng International Medical Tourism Pilot Zone, facilitating medical treatment for overseas patients in Hainan [2] - The pilot zone will enhance multilingual services and cross-border medical treatment convenience, improving international medical tourism service capabilities [2][3] Talent Development - The regulations encourage the introduction and training of urgently needed international talent in the tourism sector and support the establishment of foreign educational resources in Hainan [3] - These measures are expected to attract more international tourists and provide a foundation for international capital to enter Hainan's tourism industry [3]

Group 1 - Hainan is leveraging its free trade port policies to enhance high-end shopping, medical services, and education, aiming to boost consumption return from overseas [2][4] - The Lingshui Li'an International Education Innovation Pilot Zone is attracting Southeast Asian students through Sino-foreign cooperative education and independent foreign university programs, with 26 domestic and foreign universities signed this year [2][4] - The Boao Lecheng International Medical Tourism Pilot Zone is gathering high-end medical resources, benefiting from its "first trial" policy advantages [4][7] Group 2 - Southeast Asia is a key market for Lecheng, with the first full-process international medical tourism group from Indonesia visiting last December, and a promotional event planned in Laos by the end of August [7]